Purchase is the latest stage during which a buyer can terminate the buying decision process?
What do you mean by purchase?
- A purchase involves the acquisition of goods or services in exchange for payment of some kind.
- Payment is usually by cash or credit (to be paid later).
- A purchase may also be part of a barter transaction where various non-monetary assets are exchanged, or it may be in exchange for the assumption of a liability.
- Purchasing is a key part of the manufacturing process, where raw materials need to be obtained and transformed into finished products.
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