Which of the Following Is NOT a Step in Organizational

question 120

Multiple Choice

Which of the following is NOT a step in organizational buying process?

• A) Establish the decision criteria
• B) Define the problem
• C) Identify decision makers
• D) Evaluate alternatives
• E) Select appropriate solution

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Definitions:

Partnership

A partnership is a legal form of business operation between two or more individuals who share management and profits.

General Partner

is a member of a partnership who has unlimited liability for the debts of the partnership and takes part in the management of the business.

Unlimited Personal Liability

A legal condition where individuals are fully responsible for all of a business's debts or liabilities without any limit, risking personal assets beyond the investment in the business.

Limited Partnership

A business partnership where at least one partner has unlimited liability and one or more partners have limited liability, not involved in daily management.