buy

Vocabulary Word

Definition

To 'buy' is to acquire ownership of a product or service by exchanging it for money. It's what you do when you go grocery shopping or purchase a movie ticket.

Examples in Different Contexts

In commerce, 'buy' relates to consumers acquiring products or services. A business analyst might say, 'Customers are more likely to buy products when offered a discount.'

Practice Scenarios

Business

Scenario:

The company's stock looks very promising, consistently showing good performance over the recent quarters.

Response:

Yes, seems like a good time to buy more company shares and solidify our position in the tech sector.

Tech

Scenario:

We've been experiencing some significant slowdowns on our network lately. The current setup seems to be struggling to handle high traffic.

Response:

Agreed, it would be a good idea to buy the latest routers and servers for improved performance.