The purchasing cycle begins with the ____.
A) selection of an appropriate supplier
B) issuance of a purchase order
C) receipt of a supplier's acknowledgement
D) identification of a need or requirement
E) determination of who can authorize the purchase

Question

Quizplus · Accepted Answer

The purchasing cycle always begins with the identification of a need or requirement for goods or services. Only after the need is identified can the rest of the purchasing process proceed.

The Purchasing Cycle Begins with the ____