Definitions (2)
1. General: A party that receives or consumes products (goods or services) and has the ability to choose between different products and suppliers. See also buyer.
2. Quality control: Entity within a firm who establishes the requirement of a process (accounting, for example) and receives the output of that process (a financial statement, for example) from one or more internal or external suppliers.
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Business Tips
The Most Favored Customer Clause
One useful but fairly uncommon type of contract stipulation is a most-favored-customer clause. Under such an arrangement, no one gets a better price than this customer, or if someone else does then th ... Read more
More Tips
- Charging Customers Different Prices for the Same Product or Service
- Identify the Most Profitable Clients
- What is your value proposition?
- How should you sell your product?
- Focus Marketing on Perception Management
- Locking In Customers
- Gathering Market Research for Upcoming Products and Services
- How much power do your suppliers have?
- Business Owner's Actions
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