The buying of all materials needed by an organization is called:
A)benchmarking.
B)capital expenditure.
C)purchasing.
D)a leveraged buyout.
E)a hostile takeover.

Question

Quizplus · Accepted Answer

Purchasing is the correct term for the process of buying all materials needed by an organization. It encompasses the activities involved in acquiring goods and services, from the identification of needs to the receipt and approval of items.

The Buying of All Materials Needed by an Organization Is