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What Is a Communication Medium

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What is a communication medium?


Definitions:

Free Market

An economic system where prices for goods and services are determined by the open market and consumers, wherein the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.

Buying Function

The process within a company or organization responsible for purchasing goods, services, or materials, often for resale or operational use.

Procurement Sources

Suppliers or vendors from which businesses obtain goods and services needed for their operations.

Electronic Ordering

The process of purchasing goods or services via electronic means, such as the internet or mobile applications.

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