Identify/define and Explain the Significance of the Following: Richard Arkwright

question 61

Essay

Identify/define and explain the significance of the following: Richard Arkwright.

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Definitions:

Blanket Orders

A type of purchase order issued by a buyer to a supplier, agreeing to purchase a specific amount of goods or services over a set period, often at a predetermined price.

Online Catalogues

Digital platforms or websites that display a collection of products or services offered by a retailer, allowing customers to browse and make purchases remotely.

Competitive Bidding

A procurement process where various suppliers submit bids to win a contract to provide goods or services, often focusing on offering the best value.

Environmental Risk

The potential for environmental damage or harm due to industrial operations, natural disasters, or human activities.