A "buydown" is the term used to denote a one-time payment paid to the lender at closing by the builder, typically as a perk for the buyer or a relative attempting to assist.
Who is a "buyer" in marketing terminology?
The primary focus of the market is the consumer, and everything that is done is done to satisfy them. It is one of the most crucial features of the market. The term "buyer" refers to a person or an organization that purchases goods or services.
Purchasing things for a firm to use or sell in their own enterprise falls under the purview of buyers. In-depth research, the capacity to manage an inventory, assess the quality of products, stay within a budget, and contract negotiations with suppliers are all necessary for this role.
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