Examlex
Total partners' equity of a partnership is equal to the sum of all partners' capital account balances.
Modified Rebuy
A buying situation in which an organization revisits and adjusts the terms of a purchase, often because of changes in requirements, prices, or suppliers.
New Buy
A purchasing situation in which a buyer acquires a product or service for the first time, representing the highest level of decision-making involvement.
Geographically Concentrated
Refers to businesses, populations, or industries that are heavily localized within a specific area or region.
B₂B Buying
The process by which one business purchases goods or services from another business for use in production, resale, or general business operations.
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