Businesses Follow a Defined Buying Decision Process in Order to Ensure

question 3

Multiple Choice

Businesses follow a defined buying decision process in order to ensure the goods and services they purchase will meet their organization's needs. The process has multiple stages, and in one of the stages the business will evaluate each component of potential purchase. This includes evaluating the quality, design, materials and any other relevant aspect of the purchase. This evaluation takes place in which of the following stages of the business buying decision process?

• A) First stage - The business recognizes a problem or need exists
• B) Second stage - Product specifications are developed
• C) Third stage - Search for potential products
• D) Fourth stage - Product for purchase is selected
• E) Fifth stage - Product quality and supplier performance is evaluated

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Definitions:

Structural Genes

Genes that code for proteins which serve as building blocks for cells and tissues or operate in metabolic or physiological processes.

Regulatory Sequences

Segments of DNA that are involved in controlling the activity of genes, including when, where, and how much of a gene product is made.

Constitutive

Expressed continuously under normal physiological conditions, not subject to regulation by environmental conditions.

Lac Operon

A set of genes involved in the metabolism of lactose in bacteria, along with their promoter and operator sequences that control their expression.