no answer
Impact of inflation on society's consumer and buyer?
consumer
Consumer surplus is the amount a buyer is willing to pay minus the amount the buyer actually pays.
Buyer is a consumer Seller is a Distributor
Consumer surplus is what the buyer is willing to pay for a product minus what the buyer actually pays and a tax raises the price the buyer actually pays.
A consumer or buyer.
Consumer buyer behavior is the process of understanding why consumers buy the products they purchase. Managers typically study consumer needs and pricing strategies for insight.
Customer is a buyer but may or may not be be the user or consumer.
buyer, customer, end user, enjoyer, purchaser,shopper, user
buyer, customer, user, shopper, purchaser
Role in Transaction: A buyer is someone who makes a purchase, regardless of whether they consume the product or not. A consumer, on the other hand, is the end user who utilizes or consumes the purchased product or service. Intent and Purpose: The buyer's primary focus is on the transaction itself, seeking to acquire a product or service. The consumer, however, is concerned with the utility and satisfaction derived from using the purchased item. Decision-Making Influence: In some cases, the buyer and consumer are the same person, especially in individual consumer transactions. In business-to-business scenarios, the buyer may make purchases on behalf of the organization, but employees within the company become the consumers. Perspective: The buyer's perspective is transactional, centered around acquiring goods or services. The consumer's perspective is experiential, focusing on the benefits and satisfaction gained from using the product. Responsibility: The buyer is responsible for the financial transaction and product acquisition, while the consumer bears the responsibility of using the product as intended and deriving value from it.
A consumer agent is a person, place or thing that helps a buyer make educated decisions in purchasing.