Hyo runs an ice cream store with her family. Which of the following activities is a component of their procurement process?
A)Recording their daily sales revenue
B)Sending an order to their sugar supplier
C)Making the ice cream
D)Setting up an employee schedule
E)Generating an invoice for their supplier

Question

Quizplus · Accepted Answer

Procurement refers to the process of acquiring goods and services from external sources, such as suppliers. Sending an order to their sugar supplier is part of the procurement process, as it involves acquiring a key ingredient for their ice cream business. Recording sales revenue, making the ice cream, setting up schedules, and generating invoices are not directly related to procurement.

Hyo Runs an Ice Cream Store with Her Family