Buy Classes Refer to

question 200

Multiple Choice

Buy classes refer to

• A)three types of organizational buying situations: buy, lease, and rent.
• B)three types of organizational buying situations: new buy, make-buy, and modified rebuy.
• C)three types of organizational buying situations: manufacturing contracts, consulting contracts, service contracts.
• D)three types of organizational buying situations: straight rebuy, new buy, and modified rebuy.
• E)three types of organizational buying situations: new buy, internal make-buy, and modified rebuy.

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Definitions:

Consolidation

The process in businesses where the financial statements of several departments or subsidiaries are combined to present as those of a single entity.

Previous Business Combination

Refers to a merger or acquisition that has occurred in the past where two or more entities combined to form a single entity.

Pre-acquisition Entry

Accounting entries made to record the assets and liabilities acquired from another company before the actual acquisition.

Shares in Subsidiary

Ownership stakes held in a subsidiary company by the parent company or other shareholders.