Buyer

A buyer is any person who contracts to acquire an asset or service in return for some form of consideration.

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

When someone acts as a regular buyer of certain assets for commercial purposes, the term "buyer" has a specific meaning as a job function. For example, a "buyer" is a person who purchases finished goods, typically for resale, for a firm, government, or organization; while 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 goods of acceptable quality at a suitable price. 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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