BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Wants
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Trade-off
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Consumer
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Market Economy
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Detailed explanation-1: -A consumer is a person who purchases and uses goods and services by paying or agreeing to pay a price for them. A consumer is one who is the decision maker whether or not to buy an item at the store, or someone who is influenced by advertisement and marketing.
Detailed explanation-2: -Consumers are defined as individuals or businesses that consume or use goods and services. Customers are the purchasers within the economy that buy goods and services, and they can exist as consumers or alone as customers.
Detailed explanation-3: -Final Customers-People who purchase products for their own use are known as final customers.
Detailed explanation-4: -The correct option is A consumer. A person who buy products from a salesperson is known as a consumer. Consumer is usually considered as the “King” in the market.