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New Buy
A purchasing situation characterized by a customer buying a product or service for the first time, often involving extensive decision-making and research.
Reverse Auctions
A buying process where sellers bid to provide goods or services to a buyer, with prices typically decreasing as the auction progresses.
Downward Pressure
A situation in which there is a driving force causing prices or values to decrease, often seen in markets or economics.
Buyers
Individuals or entities that purchase goods or services.
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