Entity: CUSTOMER
A customer is an individual who purchases goods or services from businesses, considered the key driver of revenue. They play a vital role in the success of a business.
CUSTOMER
Etymology
The word 'customer' originates from the Middle English 'custumer,' which comes from the Old French 'custumier,' based on the Latin 'consuetudinarius,' meaning 'one who frequents.'
Definition
A customer is a person who buys goods or services and is crucial to the revenue generation and success of a business.
Historical Context
Throughout history, customers have played a significant role in shaping economies and trade practices. The concept of customer service has evolved over time, emphasizing the importance of meeting customer needs and expectations.
Cultural Significance
Customers are often referred to as the 'king' in business, highlighting their importance in driving business growth and success. Customer satisfaction and loyalty are key factors in maintaining a strong customer base.
Related Concepts
- Consumer: The end user of a product or service purchased by a customer.
- Client: A customer who receives professional services or advice from a business.
See Also
A person who buys goods or services and is crucial to the revenue generation and success of a business.