buying rate - meaning and definition. What is buying rate
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What (who) is buying rate - definition

PURCHASE OF MUCH LARGER QUANTITIES THAN USUAL, FOR A [UNIT PRICE] THAT IS LOWER THAN THE USUAL
Buying in bulk; Bulk buying; Mass buying; Sajaegi

Group buying         
OFFERING PRODUCTS AND SERVICES AT SIGNIFICANTLY REDUCED PRICES ON THE CONDITION THAT A MINIMUM NUMBER OF BUYERS WOULD MAKE THE PURCHASE
Tuángòu; Team buying; 團購; 团购; Group buy; Shob mob; Shop mobbing; Store mob; Store mobbing; Shop mob; Social buying; Collective buying; Tuangou
Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers would make the purchase. Origins of group buying can be traced to China, where it is known as Tuán Gòu (), or team buying.
Exchange rate         
  • USD]] exchange rate
RATE AT WHICH ONE CURRENCY WILL BE EXCHANGED FOR ANOTHER
Exchange rates; Currency exchange rate; Foreign exchange rate; Exchange Rate; Unit currency; Currency exchanges; USD exchange-rate; Currency conversion; Currency Trading; Rate of exchange; Currency converter; Real exchange rate; Nominal exchange rate; USD-exchange rate; Exchange-rate; Declining dollar; Conversion (exchange); Dollar in yen; FX rate; Market exchange rate; Currency trader; Forex rate; Parallel exchange rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro.
rate of exchange         
  • USD]] exchange rate
RATE AT WHICH ONE CURRENCY WILL BE EXCHANGED FOR ANOTHER
Exchange rates; Currency exchange rate; Foreign exchange rate; Exchange Rate; Unit currency; Currency exchanges; USD exchange-rate; Currency conversion; Currency Trading; Rate of exchange; Currency converter; Real exchange rate; Nominal exchange rate; USD-exchange rate; Exchange-rate; Declining dollar; Conversion (exchange); Dollar in yen; FX rate; Market exchange rate; Currency trader; Forex rate; Parallel exchange rate
(rates of exchange)
A rate of exchange is the same as an exchange rate
.
...four thousand dinars-about four hundred dollars at the official rate of exchange.
= exchange rate
N-COUNT

Wikipedia

Bulk purchasing

Bulk purchasing or mass buying is the purchase of much larger quantities than the usual, for a unit price that is lower than the usual.

Wholesaling is selling goods in large quantities at a low unit price to retail merchants. The wholesaler will accept a slightly lower sales price for each unit, if the retailer will agree to purchase a much greater quantity of units, so the wholesaler can maximize profit. A wholesaler usually represents a factory where goods are produced. The factory owners can use economy of scale to increase profit as the quantity sold increases.

Retailing is buying goods in a wholesale market to sell them in small quantities at higher prices to consumers. Part of this profit is justified by logistics, the useful distribution function of the retailer, who delivers the goods to consumers and divides those large quantities of goods into many smaller units suitable for many transactions with many small parties of consumers. Retailers can also benefit from economy of scale to increase profit, just like a wholesaler does.

Bulk purchasing is when a consumer captures part of the benefits of economy of scale by doing with the retailer what the retailer does with the wholesaler: paying a lower price per unit in exchange for purchasing much larger quantities. This allows the consumer to satisfy more of his or her demands at a lower total cost by acquiring more use value per dollar spent.

Research has shown that that simply displaying the per-unit price for an item sold in bulk would increase the adoption of bulk buying among lower-income families. This population cohort stands to reduce their supermarket expenditures by 5 percent if bulk purchasing is adopted at similar levels as higher-income cohorts.

Consumer demand for savings by bulk purchase has led to the success of big-box stores. Although effected by marginal cost, the total cost does not increase.

Bulk purchasing also enables greater resilience, such that bulk buyers are able to build stockpiles of necessities. During the COVID-19 pandemic, bulk purchasing also contributed to better health outcomes by decreasing the overall number of trips to the grocery store, thus lessening opportunities for exposure to SARS-CoV-2. Since lower-income individuals were less likely to participate in bulk buying, this likely contributed to socioeconomic-related health inequalities during the pandemic.

The bulk buying of perishables must be carefully planned and celebrated since per-unit savings can be erased if consumers purchase an excessive amount of a particular product and it spoils before it can be consumed or otherwise used.