What does a standing order entail?

A standing order entails the delivery of a specific amount of product on a regular basis, which is precisely what makes this choice the correct answer. In business terms, a standing order is often established to streamline procurement processes by setting up a consistent and predictable supply of goods over time. This arrangement is particularly beneficial for items that need to be replenished regularly, such as perishable goods or essential supplies, as it ensures that the buyer maintains adequate inventory without the need to place orders repeatedly.

This option reflects the essence of a standing order, which is to simplify the ordering workflow and ensure continuous supply, thereby aiding operational efficiency.