Question

answer fast
tell me this point in simple language this point is of business studies..
class +1
only explain me this point in very easy language ​

Answer 1

Answer:

Procurement means acquiring of goods and services and work that is essential for an organization for being run on the daily bases. It involves the process of selecting vendors, establishing payment mode and terms, selection, negotiation of contract and then purchasing of goods. In more specific words it mean getting the best products and services for your business in the least possible rate.