An internal demand for goods to be purchased or drawn from stock is?

Assessment: JAMB UTME - Commerce - 2004 Subject: Commerce

Question 1 Report

An internal demand for goods to be purchased or drawn from stock is?
Answer Details
An internal demand for goods to be purchased or drawn from stock is called a requisition. It's a formal request made by someone within an organization to the relevant department, such as the purchasing or inventory department, to provide specific goods or items needed to carry out their job or task. A requisition typically includes details about the items required, the quantity needed, and the purpose or project they will be used for. Once the requisition is approved, the goods can be sourced or drawn from stock and made available to the requester.
Read lesson note on Purchase And Sale Of Goods (JAMB)
Read lesson note on Occupation (JAMB)
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