Entity: CUSTOMERS
Customers are individuals or organizations that purchase goods or services from businesses, playing a vital role in the commercial transaction process.
CUSTOMERS
Etymology
The term 'customer' originates from the Middle English word 'custumer,' derived from the Old French 'custumier,' meaning 'one who frequents a shop.'
Definition
A customer is an individual or organization that purchases goods or services from a business, contributing to the business's revenue stream.
Historical Context
Throughout history, customers have played a crucial role in the growth and success of businesses, shaping market trends and influencing product development.
Cultural Significance
Customers are often referred to as the 'king of the business,' highlighting their importance in driving business decisions and strategies.
Related Concepts
- Consumer
- Client
- Patron
See Also
A customer is an individual or organization that purchases goods or services from a business, contributing to the business's revenue stream.