Title: Identify parts of a purchase order (PO).
Course: Small Business Marketing (12161) > Section: Exploring Buying and Merchandising

Identification should include

- buyer and seller information
- order details
- payment terms
- delivery information
- PO number
- other important information.

Process/Skill Questions:

- What are the elements of accounts payable and early payment discounts?
- What should be included in the buyer and seller information?
- What items are in the order details of a PO?
- Why is the PO number used as a unique identifier?
- What steps should be followed to review and approve a PO before sending it to the supplier?

Teacher Resource: Understanding Purchase Orders: Definition, Implementation, and Strategic Importance, UpKeep.com