The major procedures in the purchase and sale of goods are enquiry

Assessment: JAMB UTME - Commerce - 2001 Subject: Commerce

Question 1 Report

The major procedures in the purchase and sale of goods are enquiry
Answer Details
The major procedures in the purchase and sale of goods usually involve several steps. The first step is usually an enquiry, where the buyer expresses interest in purchasing a product and asks for more information. After the enquiry, the seller usually provides a quotation, which is a document that outlines the price and terms of the sale. If the buyer agrees to the quotation, they will place an order, which is a formal request to purchase the product. The seller will then prepare an invoice, which is a document that outlines the details of the sale, including the price, quantity, and payment terms. Therefore, the major procedures in the purchase and sale of goods are enquiry, quotation, order, and invoice.

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