Examlex
The phases of the buying process are problem identification, preshopping activities, evaluating alternatives, selection and purchase, and postpurchase activities.
Transaction
An agreement or exchange between two or more parties that entails a transfer of goods, services, funds, or any other item of value.
Liable
Legally responsible or obligated to someone else under the law.
Direct Liability
Liability that is attributed to an individual or entity due to their own actions or negligence, not through the actions or negligence of others.
Respondeat Superior
A legal doctrine that holds employers or principals responsible for the actions of their employees or agents, conducted within the scope of their employment or agency.
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