A purchase or an exchange can be understood as economic processes that use monetary or non-monetary funds, and that occur to satisfy certain needs of individuals and organizations.
<h3 /><h3>Buyer Decision Process</h3>
It occurs from a decision on the need to carry out an economic transaction of a good or service that lasts before and after the moment of purchase. There are five steps in the consumer decision process, which help in the purchase action, which are:
Problem Recognition
Information Search
Evaluation of Alternatives
Purchase Decision
Post Purchase Behavior
Therefore, there are also other exchange processes, such as coincidence of wants, barter and voluntary exchange, which are processes that take place to benefit both parties in an economic exchange without the use of money.
Find out more information about Buyer Decision Process here:
A pledge in this context is a vow or a promise to make a donation or give something at a future date. It may be vocalized or communicated in writing.
The Financial Accounting Standards Board (FASB), sets out the criteria for recognizing a pledge or a promise as follows:
Relevance— If the promise is important enough to make a difference in the users decisions, then it ought to be recognized
Definitions—If the item satisfies the definition of a component of a financial statement, then it ought to be recognized;
Dependability— When the pledge is based on a fact that can be recorded, verifiable, and neutral, then it can be recognized
Measurability— if it allows for measurability, then it should be recognized
It is clearly stated that where the certainty or reliability of a promise or a vow is difficult that measure, it is better to decline from recognizing such a pledge.
People are more creative and produce more ideas when they are in a good mood
Explanation:
Dawn Wang heads an ad agency in Texas and regularly needs to work with copywriters, artists, and designers to come up with effective branding solutions for products. For one of the company's esteemed clients, Wang and her team need to brainstorm ideas for a slogan for the client's new line of clothing. In such a situation, it is particularly important for Wang to make his team happy because people are more creative and produce more ideas when they are in a good mood.
Overcharging for notary public services. Notarizing a document without the signer being in the notary's presence. Notarizing the notary's own signature. Issuing identification cards.
