By buying or not buying goods and services is what will determine the economic growth of a country. Failure to buy means that there is low demand while buying implies high demand.
account payable
goods or services are priced high
The purchasing department is responsible for buying all the goods and services for the organization.
Procurement work is basically a way to monitor the selling and buying of goods or services in any business. The people that do procurement make sure the buying and selling of goods and services is fair and check for receipts and invoices of every product that comes in and goes out of the business. Procurement work is prevention against business fraud and keeps things fair in the buying and selling process.
Products sold and manufactured. ============================== A business, organization, involves itself in the buying and selling to customers. Goods, in business, are the actual merchandise, wares, available to customers. Retail stores, for example, offer different goods and services. Grocery stores are stocked with a variety of goods. There's the restaurant providing food, that's its goods. Look-in shoe stores to get an idea of the goods, shoes, in their inventory. The hair salon's services are goods pertaining to the business. The list can go on.
A supplier of goods and services is commonly referred to as a vendor. Unless they are buying your goods or services they are not a customer.
Demand and Supply. Demand= buying goods and services. Supply=selling goods and services.
When economists refer to the demand for goods and services, what they mean is, what goods and services are people buying. People demand things by buying them. If you demand to have things given to your for free, that is politics rather than economics.
People use currency to provide goods and services by spending and buying
The demand for goods and services goes down
The correct answer is - an A/P liability.Accounts payable are liabilities (obligations) created by buying goods or services on account.
account payable
business is the buying and selling of goods and services
market
market
market
Shopping involves the actual buying of goods and services. Marketing involves the actual promotion and advertising of goods and services.