Procurement is a broad term that includes designing, sourcing, processing, negotiating and fixing standards, whereas buying is a simple concise term that incorporates giving money for a particular goods or...

While both the terms are synonyms in a sense, there is a significant difference between the terms. The term buying is most commonly used in a casual sense, such as “I went out to buy groceries for dinner.”...

The active safety features are mainly the features that work to prevent the risk of a collision or an accident. These are so named because they are always active, and working to prevent an accident. Passive...

Essentially, both the terms mean to acquire something against money. However, buying is considered a general term, which is most commonly used to refer to everyday goods and commodities. However, purchase is...

Buying and selling are two terms that are often used relatively. Buying is the acquisition of an object in exchange of money, whereas selling is acquiring money, in exchange of relinquishing all claims of...