What is the relationship between buyers and sellers?

What is the relationship between buyers and sellers?

A buyer could be a manufacturer purchasing raw materials a customer buying a finished product from a retailer. The relationship between the buyer and seller can be either short term (one off or low commitment purchases) or long term, involving regular purchases based on established agreements.

What are the similarities of a buyer and a seller?

Lichtenthal and Tellefsen (2001) further analyzed the empirical studies about buyer–seller similarities under two broad categories: observable similarities, such as age, dress, gender, height, nationality/race, mannerisms and speech patterns, as well as internal similarities, such as education, family status, interest.

What is the most important factor between buyer and seller interaction?

Mutual goals, adaptation, trust, performance satisfaction, cooperation and reputation were considered by Powers and Reagan (2007) to be the six most important factors motivating buyer-seller relationships.

Is selling stuff online illegal?

Generally, it’s not illegal to resell an item that you have legitimately purchased. Once you have purchased something at retail it is yours to do with as you choose. If you’re using manufacturers’ logos to advertise the products you’re reselling, you need their permission.

How do you differentiate between seller and buyer?

In any market, buyers have expectations. In a buyer’s market, home seekers expect to find plenty of inventory and even a great deal or two. In a seller’s market, they expect to pay top-dollar and to compete with other buyers, but they also expect to get a turn-key property for their money.

Whats the difference between a buyer and a seller?

What’s The Difference Between A Buyer’s And Seller’s Market? A seller’s market happens when there are more buyers than there are houses for sale. On the other hand, a buyer’s market occurs when there’s an excess of homes for sale and fewer buyers looking to scoop one up.

What are the factor that influence the buyer/seller relationship?

The factors that influence relationships are reputation, performance satisfaction, trust, social bonds, comparison level of the alternative, mutual goals, power/interdependence, technology, non-retrievable investments, adaptation, structural bonds, cooperation, and commitment.

Do you believe that communication is important between a buyer and a seller interaction?

Communication begins with the buyers and the sellers understanding what each person in the transaction wants or needs, and the primary form in which they wish to communicate. It’s a good idea to discuss with each buyer and seller how they prefer to communicate so the transaction can flow smoothly.

What is the most important factor between buyer-seller Interaction?