May 28, 2022

1.1 Introduction Purchasing describes the process of buying: learning of need, locating and selecting suppliers negotiating prices and other pertinent terms, and follow up to ensure delivery. It entails the following activities: Purchase needs identification through liaison with user departments. Identification of potential suppliers and negotiation. Selection of suppliers. Market research for important materials. Analysis […]

THE EVOLUTION AND ORGANIZATION OF PURCHASING AND SUPPLIES MANAGEMENT NOTES – Click to view PURCHASING PROCEDURES NOTES – Click to view SOURCING NOTES – Click to view STOCK AND STOCK CONTROL NOTES – Click to view PHYSICAL DISTRIBUTION NOTES – Click to view ETHICS IN PURCHASING AND SUPPLY NOTES – Click to view

10.1 Definition of Economic growth is the increase of per capita gross domestic product (GDP) or other measure of aggregate income. It is often measured as the rate of change in real GDP. Economic growth refers only to the quantity of goods and services produced. An industrial economy gets its resource from other countries. Economic

9.1 Phases of the Business Cycle Four phases of the business cycle are identified as follows A peak is when business activity reaches a temporary maximum with full employment and near-capacity output. A recession is a decline in total output, income, employment, and trade lasting six months or more. The trough is the bottom of

8.1 Categories of investment Before developing any theories investment choices by people it is important to define what is meant by investment. Investment: is the formation of real capital, tangible or intangible, that will produce a stream of good and service in the future. Investment undertaken in an economy is classified according to the following

We discuss the consumption choices of individuals .the theory of intertemporal choice was developed by irving fisher (1867-1947)the intertemporal choice theory is about individual not aggregate consumption but it does not have important implication for aggregate consumption because aggregate consumption is the sum of consumption by individuals fisher observed that people do not just have