Which term refers to the acquisition of the raw materials a company needs to produce its products?
A) Development
B) Purchasing
C) Goods control
D) Quality control
E) Wholesaling

Question

Quizplus · Accepted Answer

Purchasing refers to the process of acquiring the raw materials needed for production. Development refers to the creation of new products, goods control and quality control refer to the management of the products during and after production, and wholesaling refers to the selling of products in large quantities to retailers.

Which Term Refers to the Acquisition of the Raw Materials