BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To buy the raw materials needed to make products
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To buy goods and services the company needs internally to operate
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To buy goods with the sole purpose of reselling them to customers
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To look for opportunities to buy out smaller companies to grow the business
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Detailed explanation-1: -Purchasing agents are responsible for researching and comparing suppliers, goods, and services. Then, they select the most suitable ones in terms of reliability, product quality, and cost-efficiency to ensure that their company is getting a good deal from the purchase.
Detailed explanation-2: -A Purchasing Agent, or Product Purchasing Agent, finds and purchases products for a company to use or resell. Their duties include locating suppliers, researching goods, services and materials and processing purchasing orders.
Detailed explanation-3: -The purchasing process enables an organization to evaluate these business-to-business transactions for efficiency. By understanding this purchasing process, businesses can carefully track their spending and potentially save on costs.