BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Service; Good
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Good; Service
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Consumer; Producer
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Producer; Consumer
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Cost; Benefit
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Detailed explanation-1: -The correct option is C consumer. 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: -A consumer is a person who purchases/buys any goods or services for his personal use that is not for further selling them or manufacturing.
Detailed explanation-3: -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-4: -Producer → Customer (Zero-level Channel) The producer sells the goods or provides the service directly to the consumer with no involvement with a middle man such as an intermediary, a wholesaler, a retailer, an agent, or a reseller.
Detailed explanation-5: -When people make goods and services, goods and services, goods and services-when people make goods and services, they are producers. When they use the things produced, the things produced, the things produced-when they use the things produced, they are consumers.