Receiving the Goods Is Followed by ________ in the Procure-To-Pay

question 87

Multiple Choice

Receiving the goods is followed by ________ in the procure-to-pay process.

• A) settling the payment
• B) negotiating the price and terms
• C) issuing the purchase order
• D) creating the order
• E) receiving the invoice

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Definitions:

B2B

Business-to-business, a transaction or business conducted between one business and another, such as wholesaler to retailer or manufacturer to distributor.

B2C

Business-to-Consumer, a business model focused on selling products and services directly to the individual customer.

Buying Processes

The series of steps consumers follow from recognizing a need, evaluating options, making a purchase decision, to post-purchase evaluation.

New Buy

A buying situation in which a customer purchases a product or service for the first time, necessitating a decision-making process.