The process of acquiring merchandise from a supplier begins with the:

Question

Quizplus · Accepted Answer

The process of acquiring merchandise from a supplier typically starts with the issuance of a purchase order, which outlines the specific items, quantities, prices, and delivery terms required by the buyer. Once the supplier receives the purchase order, they can fulfill the order and issue an invoice for payment. After the merchandise is received by the buyer, a receiving report may be generated to confirm that the goods match the specifications outlined in the purchase order. Finally, the buyer will need to issue a check or other form of payment to the supplier to complete the transaction. Therefore, the purchase order is the first step in this process.

The Process of Acquiring Merchandise from a Supplier Begins with The