Decision-Making Process That Organizations Use to Establish the Need for Products

question 149

Multiple Choice

decision-making process that organizations use to establish the need for products and services and identify,evaluate,and choose among alternative brands and suppliers is referred to as

• A) the consumer purchase decision process.
• B) organizational buying behavior.
• C) the industrial purchase procedure.
• D) the offering purchase framework.
• E) the sustainable procurement process.

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Definitions:

Stockholder

An individual or entity that owns shares in a corporation, thereby having a claim on part of its assets and earnings.

Indefinitely

For an unlimited or unspecified period of time, without a predetermined end point.

Accounting Process

A systematic series of steps involved in collecting, recording, summarizing, and presenting the financial transactions of a business.

Interpreting

The process of explaining or understanding the meaning of something, often related to data or information.