Purchasing of all materials in organizations is also referred to as:
A)consumption.
B)leveraged buyout.
C)acquisition.
D)procurement.
E)crowdsourcing.

Question

Quizplus · Accepted Answer

Procurement is the process of acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. It is the term used for the purchasing of all materials in organizations.

Purchasing of All Materials in Organizations Is Also Referred to As