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Buyer's market
BUYER'S MARKET

Definition: (idiomatic - a buyer's market) A situation in which there is a lot of a particular item for sale, so that prices are low and people buying have a choice.
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* All eight elements should be in.


1. Purposeful - for the buyers.

2. Quality of item for sale is same for all the available quantity.

3. Sellers will be involved in canvassing or soliciting for custom.
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4. Offers from the prospective customers decline, the longer the bargaining period takes or with each additional purchase.

5. Item has an alternative that is available at a similar price or within a similar price range (to emphasize).

6. Item has no fixed selling price, ab initio (connect to #3, see definition, to emphasize).
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7. Transaction time is comparatively very short.

8. Lots of the items are bought, but never at the asking price.
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* BUYER IS KING !

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