Buyer

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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.

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References[edit]

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