1. Industrial buying involves purchasing items that are right for an organization in terms of quantity, price, time of delivery, etc. Organizations consider both economic objectives like cost and quality as well as non-economic objectives. 2. The buying process involves multiple individuals and departments within an organization. It typically progresses through stages of need recognition, specification of requirements, supplier selection, ordering, and performance evaluation. 3. Government purchasing follows specific processes like registering suppliers, issuing tenders, selecting the lowest bidder (L1), and releasing payments according to rules. It aims to obtain best value for money through competitive bidding.