What is Purchasing?

Show answer choices $^$

Purchasing is the organized acquisition of goods and services onbehalf of the buying entity.

Purchasing activities are needed to ensure thatneeded items are obtained on time and at a

reasonable cost.

A

B

The main difference between procurement andpurchasing is that purchasing only focuses on order

costs and how to lowerthem, whereas procurement focuses on the overall value creation.

Most businesses rely on other businesses for products andservices that help them with their

operations.

C

O

b&c