Saturday, 14 February 2015

PURHASING

DEFINITION:

Purchasing refers to a business or organization attempting to acquiring goods or services to accomplish the goals of its enterprise. 





THE MARKET:

a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities.





MARKETING CHANNEL:

marketing channel is a set of practices or activities necessary to transfer the ownership of goods, from the point of production to the point of consumption. It is the way products and services get to the end-user, the consumer; also known as a distribution channel.









PRIMARY MARKET:


The primary market is the part of the capital market that deals with issuing of new securities.


SECONDARY MARKET:

 market where investors purchase securities or assets from other investors, rather than from issuing companies themselves.


LOCAL MARKET:

Client and customers who will buy a product in the region or area in which it 

is produced.


BROKER:

a person who buys and sells goods or assets for others.


MARKET REGULATION:

regulated market or controlled market, is a market where the government controls the forces of supply and demand, such as who is allowed to enter the market or what prices may be charged.





FEDERAL INSPECTION STAMPS:






THE BUYER:

a person who makes a purchase.







THE VENDOR:

a person or company offering something for sale,especially a trader in the street.












FEDERAL GRADE STAMPS:































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