BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
consumers
|
|
|
creditors
|
|
|
government
|
|
|
suppliers
|
Detailed explanation-1: -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-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: -Anytime someone purchases a product for their own use, they become part of the consumer market. The market typically is divided into four different categories: food, beverages, transportation and retail.
Detailed explanation-4: -A consumer is someone who can make the decision whether or not to purchase an item at the store, and someone who can be influenced by marketing and advertisements.