This article has multiple issues. Unsourced material may be challenged and removed. A person or organization expressing sales promotion tools and techniques pdf interest in acquiring the offered item of value is referred to as a potential buyer, prospective customer or prospect.
Buying and selling are understood to be two sides of the same “coin” or transaction. Both seller and buyer engage in a process of negotiation to consummate the exchange of values. The exchange, or selling, process has implied rules and identifiable stages. It is implied that the selling process will proceed fairly and ethically so that the parties end up nearly equally rewarded.
The stages of selling, and buying, involve getting acquainted, assessing each party’s need for the other’s item of value, and determining if the values to be exchanged are equivalent or nearly so, or, in buyer’s terms, “worth the price”. Sometimes, sellers have to use their own experiences when selling products with appropriate discounts. Recently, attempts have been made to clearly understand who is in the sales profession, and who is not. Two common terms used to describe a salesperson are “Farmer” and “Hunter”.