Which of the following arrangement of documents is the correct sequence as used in the retail trade? i. Quotation ii. Enquiry iii.Order iv Invoice
- i,ii,iii,iv
-
ii,i,iii,iv
- i,iv,iii only
- i,iii,iv only
The correct answer is: B
Explanation
The sequence goes thus; enquiry => quotation => order => invoice
A buyer sends an enquiry to the seller asking about the goods he wants to purchase
The seller send the buyer a quotation containing products description, prices etc
The buyer then places an order
The seller sends an invoice to the buyer as prove of a business transaction