Question

which of the following best describes the meaning of 'purchase'.
(a) Goods bought on credit
(b) goods bought for resale
(c) item bought
(d) goods paid for ​

Answer 1

The answer to your Question is

(C) Item Bought.

Answer 2

The term that best describes the meaning of 'purchase' is item bought. Hence the correct answer is option C.

Purchasing can refer to any organization or business attempting to achieve the services or goods to accomplish the goals by paying for it.

Although there are many organizations which attempt to create the standards in purchasing, the processes are varied between organizations greatly.