ECONOMICS
CONSUMERS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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producer
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consumer
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Either A or B
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None of the above
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Detailed explanation-1: -Examples of a consumer A consumer is any person or group who is the final user of a product or service. Here are some examples: A person who pays a hairdresser to cut and style their hair. A company that buys a printer for company use.
Detailed explanation-2: -Producer goods are those goods which are used by the producers to produce more goods or continue the process of production. The examples of consumer goods are milk food a TV set; car etc and that of producers’ goods are machines tools equipments etc.
Detailed explanation-3: -High school and middle school age consumers looking for the trendiest in latest fashion. College age consumers that are looking for trendy clothing at an affordable price. Young professionals in search of trendy clothing at an affordable price for themselves and their children.