GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Define Purchasing
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Productive resources; human and natural resources and capital goods
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The major ongoing activities of a business
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Money, buildings, tools, and machines necessary for production
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The buying of goods and services for a business
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Explanation:
Detailed explanation-1: -Purchasing is the process a business or organization uses to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations.
Detailed explanation-2: -And you should use “purchase” when you need a noun form, as in: You made a smart purchase when you bought gas before the price went up. In summary, try to use “buy” for simple actions, and “purchase” for more formal exchanges of money for goods.
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