Certified Materials and Resource Professional Practice 2025 – All-in-One Guide to Exam Excellence!

Image Description

Question: 1 / 400

What does a standing order entail?

A fixed-price agreement for all future purchases

The delivery of a specific amount of product on a regular basis

A standing order entails the delivery of a specific amount of product on a regular basis, which is precisely what makes this choice the correct answer. In business terms, a standing order is often established to streamline procurement processes by setting up a consistent and predictable supply of goods over time. This arrangement is particularly beneficial for items that need to be replenished regularly, such as perishable goods or essential supplies, as it ensures that the buyer maintains adequate inventory without the need to place orders repeatedly.

This option reflects the essence of a standing order, which is to simplify the ordering workflow and ensure continuous supply, thereby aiding operational efficiency.

Get further explanation with Examzify DeepDiveBeta

A one-time purchase agreement for bulk items

An order that can be altered at any time

Next Question

Report this question

Download Certified Materials and Resource Professional Practice PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy