An activity or process undertaken by a company to acquire raw materials is______________-
Answer Details
The activity or process undertaken by a company to acquire raw materials is called "Organizational buying behaviour." Organizational buying behaviour refers to the actions and decisions made by businesses or organizations when purchasing goods or services to support their operations. In this case, the company is the buyer, and they are procuring raw materials to support their production process. The purchasing decision involves multiple stakeholders, such as procurement managers and engineers, who evaluate potential suppliers based on various factors such as price, quality, and delivery time. Therefore, the answer is Organizational buying behaviour.