BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Consumers are people or businesses that use or use up goods and services. Customers are the economic buyers who buy goods and services. Customers can also be consumers, but they can also be customers on their own. An organization’s customers are the individuals and entities who purchase from it.

Detailed explanation-2: -A final consumer may be either a person or entity that uses or consumes something or an advertising strategy. When it refers to somebody, they consume something. They do not buy it and then sell it on or give it to someone. We call that consumer the ultimate consumer.

Detailed explanation-3: -Final Goods and Services The good or the product does not require any additional or further processing. A company will make a final good for they can be used directly by the final consumer. The final consumer is the person or an entity who consumes or uses the product or service.

Detailed explanation-4: -A consumer is the one who purchases the product for his/her own need and uses or consumes it. A consumer cannot resell the good, product or service but can consume it to earn his/her livelihood and self-employment. Definition of consumer. The consumer is the one who is the end-user of any goods or services.

Detailed explanation-5: -A consumer good, or final good, is the end product a business produces that is purchased by a consumer. Consumer goods can be classified as durable, non-durable, or services. Marketing of consumer goods depends upon the use, price, and features of the item.