selfpurchase
Self-purchase refers to the act of acquiring goods or services intended for the purchaser’s own use, rather than for resale, distribution, or third-party fulfillment. It is a broad term that can apply to individuals, households, businesses, and public institutions.
In consumer markets, self-purchase is the typical mode of purchasing for personal consumption. In corporate and
Motivations for self-purchase include convenience, speed, control over quality and timing, privacy, and the avoidance of
Effective governance involves defined spend thresholds, competitive bidding where applicable, proper authorization, segregation of duties, and
Legal and ethical considerations include related-party transactions, self-dealing prohibitions for officers or directors, and compliance with
Related terms include procurement, purchase order, spend management, and related-party transaction.