The purchasing of supplies, services and raw materials for use in the production process, known as:

Name: The purchasing of supplies, services and raw materials for use in the production process, known as:
Brand: Quizplus
Rating: 4.9 (60 reviews)

Question

Quizplus · Accepted Answer

Procurement refers to the process of acquiring supplies, services, and raw materials for use in the production process. Disbursement refers to the outflow of funds to pay for these purchases. Foot-holding and leveraging are not relevant terms in this context.

The Purchasing of Supplies, Services and Raw Materials for Use