Question

Sarah notices a sign in the window of a clothing store advertising a major sale on coats. realizing that she needs a new coat, sarah enters the store, chooses a coat that she feels represents good value for the price, and buys it. this stage in the exchange process is known as the _____.

Answer 1

transaction

Step-by-step explanation:

Transaction is the confirmation that an exchange has taken place. Before a transaction could be consumated, there must be at least two or more persons that are involved. Transaction means that a deal has been made such as receiving value for payment of product purchased.

With regards to the above, transaction is the right answer because after money has been exchanged with the products purchased, the confirmation that the exchange actually took place is transaction.