Which of the following best explains 'spot buying'?
A) Bought at last year's price.
B) Bought at possible future price.
C) Buying at current market prices.
D) Bought at previously agree price.

Question

Which of the following best explains 'spot buying'? 
A) Bought at last year's price. 
B) Bought at possible future price. 
C) Buying at current market prices. 
D) Bought at previously agree price.

Quizplus · Accepted Answer

Spot buying involves purchasing goods or services at current market prices rather than at a previously agreed-upon price or a possible future price.

Which of the Following Best Explains 'Spot Buying