The process of a business or organization attempting to acquire goods or services to accomplish the goals of its enterprise is called purchasing
What is the purchasing means?
Purchasing is the organized acquisition of goods and services on behalf of the buying entity. Purchasing activities are needed to ensure that needed items are obtained in a timely manner and at a reasonable cost.
What are the 3 types of purchasing?
There are three main types of procurement activities: direct procurement, indirect procurement, and services procurement
Why is purchasing important?
Purchasing is generally responsible for spending more than 50 percent of all the revenues the firm receives as income from sales. More money is often spent for purchases of materials and services than for any other expense, and the spend in services is rapidly increasing.
Learn more about purchasing:
brainly.com/question/15206922
#SPJ4
Inflation is the correlating factor between consumer spending, discount, rising prices and the economy.
<h3>What is an
inflation? </h3>
An inflation means a persistent rise in general level of goods and service in a particular year.
- Inflation affects consumer spending because the purchasing power of currency reduces
- Inflation affects discount rates
- Inflation results to rising price of goods and services
- Inflation gives the overall economy a hard time
In conclusion, an Inflation is the correlating factor between consumer spending, discount, rising prices and the economy.
Read more about Inflation
<em>brainly.com/question/777738</em>
Option C) real GDP
GDP stands for gross domestic product. It is called real because it is referred to constant values to a selected time (to delete the effect of inflation and try to measure the real production and not the effect of inflation on the values)
Answer: Market Sector
Explanation:
According to the given question, Melissa is working in the fashion based industry and the her main task in the job is to analyzing the new fashion trends in the social media.
Melissa is in the market sector part in an organization as her company are designing the various types of branded clothes on the basis of latest analysis and trends.
The market sector is widely used in the various types of financial and the economical based industry where the product of the company are produced on the basis and proper analysis in the market for the direct competition.
Therefore, Market sector is the correct answer.
