BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -A customer is an individual or business that purchases another company’s goods or services.
Detailed explanation-2: -A customer is a person who buys either a good or a service. Customer is more common than shopper, and it is used more in business contexts than shopper is. Shops were lowering prices to attract more customers.
Detailed explanation-3: -Different consumer groups These groups are often known as segments. For example, a group of consumers who are able to buy a Ferrari is very different to a group who are able to afford base-level cell phones. One of the main ways to group consumers is through demographics.
Detailed explanation-4: -A customer becomes a consumer if they make a purchase and use the product or service themselves. A customer always purchases a product or service, but might not be the end user. A consumer is always the end user of a product or service, but might not have purchased it.
Detailed explanation-5: -Buyer/Customer means the person, company or firm who purchases Goods from the Seller.