Customer

Business, Legal & Accounting Glossary

Definition: Customer


Quick Summary of Customer


In sales, commerce and economics, a customer is the recipient of a good, service, product or an idea – obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.




What is the dictionary definition of Customer?

Dictionary Definition


  1. A patron; one who purchases or receives a product or service from a business or merchant, or intends to do so.
  2. informal A person, especially one engaging in some sort of interaction with others.

Also:

  • General: A party that receives or consumes products (goods or services) and has the ability to choose between different products and suppliers.
  • Quality control: An entity within a firm whom establishes the requirement of a process (accounting, for example) and receives the output of that process (a financial statement, for example) from one or more internal or external suppliers.

Full Definition of Customer


customer is someone who is purchasing something from a seller.

Customers are an essential part of any business. The purpose of a business is to generate wealth for its owner(s), and the customer is the one who exchanges money for the business’s product or service. Businesses typically seek to increase their number of customers, and also the loyalty of their customers. A business may try to establish a popular brand to keep customers from buying competing products.


Synonyms For Customer


client, consumer, buyer, purchaser, patron

Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/customer/
Modern Language Association (MLA):
Customer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 15, 2021 https://payrollheaven.com/define/customer/.
Chicago Manual of Style (CMS):
Customer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/customer/ (accessed: October 15, 2021).
American Psychological Association (APA):
Customer. PayrollHeaven.com. Retrieved October 15, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/customer/

Definition Sources


Definitions for Customer are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 4th August, 2021 | 20 Views.