A buyer is any person who contracts to acquire an asset in return for some form of consideration.
When someone gets characterized by their role as buyer of certain assets, the term "buyer" gets new meaning:
A "buyer" or merchandiser is a person who purchases finished goods, typically for resale, for a firm, government, or organization. (A person who purchases material used to make goods is sometimes called a purchasing agent.)
In product management, buyer is the entity that decides to obtain the product.
A buyer's primary responsibility is obtaining the highest quality goods at the lowest cost. This usually requires research, writing requests for bids, proposals or quotes, and evaluating information received.
Other articles related to "buyer":
... The main duty of the buyer is paying the agreed purchase price of the vessel ... The buyer must also accept delivery under the Sale of Good Act 1979, s27 ... Of course, the buyer also has the obligations to prevent the misrepresentation during the negotiation stage ...
... Lapeyre Jean-Louis Le Goff as Philippe Lise Daubigny as Buyer Robert Benoît as Buyer Marcel Roche as Buyer ...
... interest in acquiring the offered item of value is referred to as a potential buyer, prospective customer or prospect ... Both seller and buyer engage in a process of negotiation to consummate the exchange of values ... of value, and determining if the values to be exchanged are equivalent or nearly so, or, in buyer's terms, "worth the price.” From a management viewpoint it is thought of as a ...
... carried out according to an agreement between a buyer and farmers, which establishes conditions for the production and marketing of a farm product or products ... In turn, the buyer commits to purchase the product, often at a pre-determined price ... In some cases the buyer also commits to support production through, for example, supplying farm inputs, land preparation, providing technical advice and arranging transport of produce to the buyer ...
... If the time of delivery is an essential part of the contact, the buyer can have the option to cancel the contract under the situation that the delivery is not made by the stipulation ... Although there is no general duty of disclosure and the buyer is free to investigations on the ship intended to be purchased, the seller should not induce the other party to enter the contract by making ... "Misrepresentation", it is difficult for the buyer to claim for remedies if this misrepresentation not become a contractual term ...
Famous quotes containing the word buyer:
“It means eating your words, this thing of refusing to be a fence-sitter, but Id rather eat my words than get calluses from sitting.
No one who has not experienced the condescension of a buyer toward an ordinary salesgirl can have any conception of its withering effect.”
—Mary Barnett Gilson (1877?)
“I suppose that one of the psychological principles of advertising is to so hammer the name of your product into the mind of the timid buyer that when he is confronted with a brusk demand for an order he cant think of anything else to say, whether he wants it or not.”
—Robert Benchley (18891945)