In What Ways Do Environmental Factors Affect the Business Buying

question 97

Essay

In what ways do environmental factors affect the business buying decision process?

---

Definitions:

Consequential Damages

Damages that can be claimed and are intended to compensate a party for indirect losses as a result of not fulfilling a contractual obligation.

Nonconforming Goods

Products that fail to meet the quality, specifications, or performance standards outlined in a purchase agreement.

Lost Profits

Refers to the potential earnings a business was unable to realize due to wrongful actions by another party.

Insolvent

A financial state where an individual or entity cannot meet their debts as they become due.