BUSINESS ADMINISTRATION
RETAIL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Company.
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Product.
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Service.
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Mercado.
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Client.
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Detailed explanation-1: -The person who pays and purchases a product is called a consumer.
Detailed explanation-2: -Customers are the individuals and businesses that purchase goods and services from another business.
Detailed explanation-3: -A company’s potential customer is usually referred to as a prospect. It is a person who has the potential to be interested in the services and products that are offered by the company but has not yet purchased.
Detailed explanation-4: -In simple word, the end-user of the goods or services is termed as a consumer. All individuals who engage themselves in the economy is a consumer of the product. For instance, when a person buys goods from a grocery store for their family, you become a customer, as you are only purchasing the commodities.