buyerˈbaɪ ər
English Definitions:
buyer, purchaser, emptor, vendee (noun)
a person who buys
buyer (Noun)
A person who makes one or more purchases.
buyer (Noun)
A person who purchases items for resale in a retail establishment.
buyer (Noun)
A person who purchases items consumed or used as components in the manufacture of products.
Buyer
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. 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.
buyer
Procurement is the method of discovering and agreeing to terms and purchasing goods, services, or other works from an external source, often with the use of a tendering or competitive bidding process. When a government agency buys goods or services through this practice, it is referred to as public procurement.Procurement as an organizational process is intended to ensure that the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and fluctuations in the prices of goods. Organisations which have adopted a corporate social responsibility perspective are also likely to require their purchasing activity to take wider societal and ethical considerations into account. On the other hand, the introduction of external regulations concerning accounting practices can affect ongoing buyer-supplier relations in unforeseen manners.
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"buyer." Kamus.net. STANDS4 LLC, 2024. Web. 14 Sep. 2024. <https://www.kamus.net/english/buyer>.
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