ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Actual buying of Products
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Procurement
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Purchasing
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Buying
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Selling
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Explanation:
Detailed explanation-1: -There are three main types of procurement activities: direct procurement, indirect procurement, and services procurement.
Detailed explanation-2: -The consumer decision-making process involves five basic steps. This is the process by which consumers evaluate making a purchasing decision. The 5 steps are problem recognition, information search, alternatives evaluation, purchase decision and post-purchase evaluation.
Detailed explanation-3: -Buying by Description or Grade: Buying by Sample: Buying by Auction: Buying by inspection:
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