A Business Buyer's Purchase Process Ends With

question 92

Multiple Choice

A business buyer's purchase process ends with:

• A) determining the characteristics of the item needed.
• B) performance feedback and evaluation.
• C) the selection of an order routine.
• D) the recognition of a problem or need.
• E) the acquisition and analysis of proposals.

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Definitions:

Priority

The status of being regarded or treated as more important than other matters.

Purchase Money Security Interest

A security interest that is (1) taken or retained by the seller of collateral to secure all or part of its purchase price or (2) taken by a debtor to acquire rights in or the use of the collateral if the value is so used.

Inventory Collateral

Assets from a company's inventory that are pledged to secure a loan.

Notification

The act of formally or officially informing someone about a fact, condition, or event.