What’s the role of information in acquisition process?
Information plays a big role in the acquisition process of contracts. Acquisition refers to all the stages including buying, introducing, applying, adopting, adapting, localizing, and developing. If the wrong information is relayed in any of these stages it can ruin a contract. If you receive the wrong information, you could be inclined to agree to buy something that may be a bad investment. The acquisition process needs to be payed attention to in detail because contracts are not things to mess around with. They are legal documents and the information is then bound by law.