Buyer

For a name, see Bayer or Beyer or Beyers. For the occupation in the fashion industry, see Buyer (fashion).

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 a buyer of certain assets, the term "buyer" gets new meaning. For example, a "buyer" 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.)[1] In product management, the 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.

See also

References

  1. ↑ "Purchasing Managers, Buyers, and Purchasing Agents". U.S. Bureau of Labor Statistics. 29 March 2012. Archived from the original on 2012-04-01. Retrieved 7 September 2016.
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