In a Business to Business Transaction,when the Objective of the Manufacturer

question 46

Short Answer

In a business to business transaction,when the objective of the manufacturer is to maximize profit,the critical buying criteria will focus on the performance of the product purchased versus its cost.This is known as the ____________________ criteria.

---

Definitions:

OTC Market

Over-The-Counter Market; a decentralized market where securities not listed on formal exchanges are traded directly between parties.

Sole Proprietorship

A company controlled and managed by one person, with the individual and the company being legally regarded as the same entity.

General Partnership

A type of business partnership where all partners share both profits and liabilities equally unless a different arrangement is agreed.

Characteristics

Fundamental attributes or properties that define or distinguish an entity or concept.