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Buyers: meaning, definitions and examples

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buyers

 

[ˈbaɪərz ]

Definitions

Context #1 | Noun

online shopping

People who purchase goods or services from a seller in exchange for money.

Synonyms

consumers, purchasers, shoppers.

Which Synonym Should You Choose?

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Word Description / Examples
buyers

This term is often used in general contexts refers to individuals or entities that are in the act of purchasing goods or services. It's common in business, real estate, and other formal settings.

  • The company is looking for potential buyers for its new product.
  • Real estate buyers are showing interest in the new housing development.
shoppers

This term is often used in casual contexts and refers to individuals who are currently shopping or frequently go shopping. Often used in retail and everyday conversations.

  • Holiday shoppers crowded the mall this weekend.
  • Shoppers can find great deals during the annual sale.
purchasers

This term is a bit more formal and often used in legal or business documents. It denotes individuals or organizations that buy goods or services.

  • All purchasers are required to submit their identification before bidding.
  • The company offers a discount to new purchasers of its software.
consumers

This term is usually used in the context of economics, marketing, and advertising. It refers to individuals who use goods and services for personal use rather than for resale.

  • Companies need to understand the needs of their consumers to succeed.
  • The new law was designed to protect consumers from fraudulent practices.

Examples of usage

  • Online buyers often look for reviews before making a purchase.
  • The number of buyers on the website has increased significantly.
  • Buyers prefer fast shipping and good customer service.
Context #2 | Noun

real estate

Individuals or entities who are interested in purchasing property.

Synonyms

homebuyers, investors, prospective purchasers.

Which Synonym Should You Choose?

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Word Description / Examples
buyers

This word is generally used to describe anyone who is purchasing goods or property.

  • The store offers discounts to frequent buyers.
  • The new housing development attracted a lot of buyers.
prospective purchasers

This phrase is used to describe individuals or entities who are considering buying something but have not yet made a commitment.

  • The open house attracted many prospective purchasers.
  • The company sent out samples to prospective purchasers.
investors

Used to describe individuals or groups who purchase assets like property or stocks with the intention of making a profit.

  • Investors showed significant interest in the new company.
  • Many real estate investors are looking for properties in this area.
homebuyers

This term specifically refers to individuals or families purchasing a home.

  • First-time homebuyers can receive special interest rates.
  • The seminar provided valuable information for potential homebuyers.

Examples of usage

  • The buyers are considering making an offer on the house.
  • The real estate agent showed the property to several potential buyers.
  • Buyers often seek financing options before buying a home.
Context #3 | Noun

business

Individuals or companies who acquire goods or services for resale or commercial use.

Synonyms

acquirers, procurement professionals, purchasing agents.

Which Synonym Should You Choose?

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Word Description / Examples
buyers

Used in general contexts where people purchase goods or services, either in personal or business settings.

  • Shoppers turned out in droves for the holiday sales
  • Real estate buyers are looking for investment properties
procurement professionals

Refers to individuals who specialize in acquiring goods and services for organizations, ensuring cost-effectiveness and quality.

  • Procurement professionals are crucial for managing supplier relationships
  • She attended a conference for procurement professionals to learn best practices
purchasing agents

Commonly used in business and supply chain contexts to describe individuals responsible for acquiring products, services, or raw materials for their organization.

  • Purchasing agents must seek the best prices for bulk orders
  • The company hired new purchasing agents to streamline their operations
acquirers

Used in business contexts, often referring to companies or individuals that purchase or take over other businesses or assets.

  • The tech company announced they are acquirers of a promising startup
  • Corporate acquirers are interested in the hospitality sector

Examples of usage

  • The company's buyers negotiate contracts with suppliers for raw materials.
  • Buyers attend trade shows to source new products for their stores.
  • The buyers' team is responsible for selecting merchandise for the upcoming season.

Interesting Facts

Etymology

  • The word 'buyer' comes from the Old English 'bycgan', which means 'to buy'.
  • The term has been in use since the 14th century, reflecting the long-standing tradition of trade.
  • The suffix '-er' indicates someone who performs an action, in this case, purchasing.

Economics

  • In economics, buyers play a crucial role in demand, influencing market prices through their purchases.
  • Buyer behavior can change with trends, like the shift towards online shopping in the 21st century.
  • The concept of 'buyers' also extends to collective buyers like cooperatives, where groups purchase to save money.

Psychology

  • Buyer's remorse is a common psychological reaction where individuals feel regret after a purchase.
  • The principle of scarcity often affects buyer behavior, making limited availability items more desirable.
  • Emotional triggers, such as color and packaging, can significantly influence a buyer’s decisions.

Pop Culture

  • Reality TV shows like 'Shark Tank' feature buyers (investors) who decide whether to purchase a stake in entrepreneurs’ businesses.
  • In literature, characters often embody buyer traits, revealing societal values about consumption and wealth.
  • Movies often depict buyers and sellers, showcasing the dance of negotiations, which fuels drama and storytelling.

Technology

  • E-commerce has transformed the traditional roles of buyers, allowing them to shop anytime from anywhere.
  • Big data analytics helps companies understand buyer preferences, tailoring marketing strategies accordingly.
  • The rise of cryptocurrencies has introduced a new way for buyers to make purchases, challenging traditional payment methods.

Translations

Translations of the word "buyers" in other languages:

🇵🇹 compradores

🇮🇳 खरीदारों

🇩🇪 Käufer

🇮🇩 pembeli

🇺🇦 покупці

🇵🇱 kupujący

🇯🇵 購入者

🇫🇷 acheteurs

🇪🇸 compradores

🇹🇷 alıcılar

🇰🇷 구매자

🇸🇦 المشترين

🇨🇿 kupující

🇸🇰 kupujúci

🇨🇳 买家

🇸🇮 kupci

🇮🇸 kaupendur

🇰🇿 сатып алушылар

🇬🇪 მყიდველები

🇦🇿 alıcılar

🇲🇽 compradores

Word Frequency Rank

At #5,622 in frequency, this word belongs to advanced vocabulary. It's less common than core vocabulary but important for sophisticated expression.