It Is Important to First Understand the Two Broad Purchasing

question 25

Multiple Choice

It is important to first understand the two broad purchasing categories of purchasing materials, goods, and services in order to fully appreciate the role of e-purchasing.The two major purchasing categories are __________ and _________ materials.

• A) direct / indirect
• B) custom / common
• C) regular / irregular
• D) hard / soft
• E) finished / raw

---

Definitions:

Reasonable Price

A price that is fair and appropriate for the value of the goods or services offered, often considered in legal and contractual contexts.

Real Estate Agent

A licensed professional who represents buyers or sellers in real estate transactions.

Property Appraised

The process of determining the market value of a property, usually conducted by a professional appraiser, based on its condition, location, and characteristics.

Sale Contract

A legal agreement between a seller and a buyer specifying the terms and conditions for the sale of goods or property.