"For the buyer and seller an exchange contains several sources of potential benefits and costs:
• The sales contract or agreement describes the performance requirements for each party and is therefore a source of benefits and costs for each side. We will refer to them as the benefits and costs of the contract.
• The negotiation and carrying out of a transaction is not without costs. We refer to these as transaction costs.
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• A transaction is not carried out in isolation from other transactions and processes in the environment. Almost every transaction has external effects of one sort or another. Hence we distinguish between the benefits and cost that arise directly from the exchange, and side effects that only become apparent in other exchanges. We refer to these side effects as side benefits and side costs from the perspective of the parties involved in the focal exchange.
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The Buyer’s PerspectiveIf a product or service is provided as contractually specified, the buyer receives the contract benefits. These are the benefits the product provided contribute to solving a particular problem ... The meaning of the term “Product” in this context has to be interpreted in the broadest sense as a means of producing value, of solving problems: it comprises all the elements defined in the agreement including hardware, software, services, and ownership and usage rights. From the buyer’s perspective, a product is not a physical object but a means of solving a problem, with the associated perceived benefits. It is not the machine that constitutes the product but the availability of manufacturing capacity; the consulting process is not the product but the resulting ability of the buyer to deal with a problem in a better way.
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The potential transaction benefits for a buyer arise independent of the emergence of an agreement during the buying process. One example is the know-how the buyer may gain from the seller as a result of their interactions, which may assist the buyer in later use of the product. Another is the positive experience the buyer has during the exchange process, from their own activities or those of the seller. The seller’s efforts to facilitate the buyer’s decision making, such as consulting advice, comparisons of alternatives, advertising, inspection tours, and test operations are yet another potential source of benefits that can increase the buyer’s trust in the seller and hence lower its transaction costs."
Trechos retirados de "The Market Process" de Wulff Plinke e Ian Wilkinson, capítulo incluído no livro "Fundamentals of Business-to-Business Marketing - Mastering Business Markets" editado por Michael Kleinaltenkamp, Wulff Plinke, Ian Wilkinson e Ingmar Geiger
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