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List the Five Steps in the Typical Buying Process

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List the five steps in the typical buying process.


Definitions:

Inventory System

A process or software used for tracking goods and materials held by a business, managing stock levels, orders, sales, and deliveries.

Productivity

The measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Small Business Owner

An individual who owns and operates a small business, typically taking on considerable financial risks in the hope of profit.

Holding Costs

The expenses associated with storing inventory, including warehousing, insurance, and depreciation.

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