buy

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Related to PURC: Purch

Buy

To purchase an asset; taking a long position.

Buy

To take ownership of some asset in exchange for some monetary remuneration. Buying may take any of several forms. In a cash purchase, the buyer gives cash or a cash equivalent immediately in exchange for the asset. In a credit sale, the buyer takes ownership immediately in exchange for future payment, often with interest. An example of buying is a simple transaction involving widgets. If the buyer is willing to pay $2 per widget and the seller wishes to sell 100 widgets, then the seller gives to the buyer 100 widgets and, in their place, receives $200. See also: Sale.

buy

A bargain-priced asset. For example, an analyst may feel that a particular firm owns valuable assets overlooked or undervalued by the financial community. In such an instance, the firm's stock is considered a buy.

buy

To purchase a security or other asset. Compare sell.

make

or

buy

the decision by a firm on whether to make a component or product itself or to buy it from an external supplier (see OUTSOURCING). The decision will depend upon the combined production costs and TRANSACTION COSTS of the alternatives. Sometimes a firm may adopt mixes of the two policies, producing some quantity of the product itself and buying the remainder, depending upon the relative costs of the sources and security of supply considerations. See TRANSACTION for a more detailed discussion. See INTERNALIZATION, VERTICAL INTEGRATION.
References in periodicals archive ?
The PURC is launching programmes to encourage the productive utilisation of the power to enable customers to pay realistic tariffs.
Despite the call for downward review of tariffs, the Ghana Grid Company Limited (GRIDCo) is, however, pursuing the PURC to increase electricity tariff by 95 per cent.
Nevertheless, the Chairman of the PURC Technical Committee, Ishmael Agyekumhene said the Commission would table all the tariff proposals before it to make a decision on how much consumers will be paying for their water and electricity from February 1.
Ishmael Edje-Kumhene, Chairman of the PURC Technical Committee, at yesterday's meeting in Accra explained that the tariffs template was to ensure consistency in the submission of tariffs proposals by the utility companies.
According to him, the template is purposely designed to facilitate the Commission's work, and also, when the companies submit their proposals, it will help them (PURC) get a better understanding of their operational costs.