ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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producers
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consumers
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marketers
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None of the above
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Detailed explanation-1: -The correct option is A consumer. A person who buy products from a salesperson is known as a consumer. Consumer is usually considered as the “King” in the market.
Detailed explanation-2: -What Is a Customer? A customer is an individual or business that purchases another company’s goods or services. Customers are important because they drive revenues; without them, businesses cannot continue to exist.
Detailed explanation-3: -A consumer is the users of said products or services that a buyer purchases. Consumers are also known as end-users or simply, users. This person is the last owner of the goods. A buyer can be a consumer.
Detailed explanation-4: -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.