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All Organizational Structures Have the Following Two Fundamental Requirements

question 59

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All organizational structures have the following two fundamental requirements:


Definitions:

Purchaser

An individual or entity that buys goods or services for personal use, resale, or production.

Freight-In

The cost associated with transporting goods into a warehouse or to the purchaser, often added to the cost of the inventory.

Purchase Order

A business document and initial formal proposal provided by a purchaser to a vendor, specifying the kinds, amounts, and settled prices for goods or services.

Purchase Requisition

An official request form used within organizations to propose the purchase of specific goods or services.

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