Why Is the Business Buying Process More Formalized Than the Consumer

question 155

Essay

Why is the business buying process more formalized than the consumer buying process?

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Definitions:

Corporation

A legal entity formed by issuing stock to investors, who are the owners of the corporation.

Certificate

A formal document attesting to a certain fact, such as the completion of an educational process or the ownership of a stock.

Secretary of State

An official in the federal and state governments who is responsible for keeping records, managing governmental documents, and often overseeing elections.

Consolidations

The process of combining two or more entities into one, in terms of financial statements, companies, or assets.