The Business Buying Process Begins with a Description of the General

question 10

True/False

The business buying process begins with a description of the general need and a product specification sheet.

---

Definitions:

Invested Assets

Assets consisting of money or other items of value that are put into financial instruments or projects with the expectation of achieving income or profit.

Return On Investment

A performance measure used to evaluate the efficiency of an investment by comparing the amount of return relative to the investment’s cost.

Sales To Investment

A ratio that measures the return on investment by comparing the sales generated to the amount of investment made.

Investment Turnover

A measure of the activity or liquidity of an investment portfolio, indicating how frequently assets within the portfolio are bought and sold.