Explain the Precautions That a Business Should Take When the Business

question 23

Essay

Explain the precautions that a business should take when the business is establishing an e-commerce site to be used to sell goods and services.

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Definitions:

Planning Horizon

The future time period over which plans and strategies are developed and analyzed.

Direct Materials Budget

A financial plan that estimates the raw materials required for production and the expected costs.

Quantity Purchased

The total amount of a product that a consumer or company acquires.

Cost Purchased

The total price paid to acquire goods or services, including the purchase price and any additional charges necessary to obtain the asset.