The set of business processes required to purchase goods and services is known as
A) cycle inventory.
B) safety inventory.
C) seasonal inventory.
D) sourcing.
E) none of the above

Question

Quizplus · Accepted Answer

The set of business processes required to purchase goods and services is known as sourcing. Sourcing involves activities such as identifying potential suppliers, requesting quotes or proposals, negotiating contracts, and managing supplier relationships.

The Set of Business Processes Required to Purchase Goods and Services