Anorderisaformalrequestforgoodsorservicesfromabuyertoaseller.Itspecifiesdetailslikeproducttype,quantity,price,anddeliveryterms.Orderscanbeplacedverbally,inwriting,orelectronically.Businessesusepurchaseorders(POs)todocumenttransactions,whilecustomersplaceretailordersthroughvariouschannels.Orderscreatelegalobligationsforbothpartiesandserveastransactionrecords.Commonordertypesincludemarketorders,limitorders,andstandingordersindifferentcontexts.Properordermanagementiscrucialforsmoothbusinessoperationsandcustomersatisfaction.
