how buyers are differently placed
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Classification of Buyers
There are different types of classification based on which buyers are classified.
First of all, let me simply the term - "Buyers". People who are looking or thinking to buy or purchase something like clothes, electronics or any business or company (owned by others), are called "Buyers" or "Purchasers".
There is a total of three common types of buyers such as Average Spenders, Spendthrifts, and Frugalists.
- Spendthrifts- Buyers who won't hesitate in buying anything and do not have any kind of self-control in their expenses.
- Average Spenders- Such type of buyers are spending or doing expenses after conducting overall research on the product.
- Frugalist- Buyers who never buy anything by just viewing any advertisement or have full control of their spending falls in this category.
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