ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A person that sells goods and services.
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A person that sells goods and services for personal use.
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A person who purchases goods and services for personal use.
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None of the above
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Detailed explanation-1: -A consumer is a person or a group who intends to order, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities.
Detailed explanation-2: -A consumer is a person who purchases and uses goods and services by paying or agreeing to pay a price for them. A consumer is one who is the decision maker whether or not to buy an item at the store, or someone who is influenced by advertisement and marketing.
Detailed explanation-3: -Consumers are people who buy or use goods and services to satisfy their wants.
Detailed explanation-4: -Consumers are defined as individuals or businesses that consume or use goods and services.
Detailed explanation-5: -A consumer is a person who consumes a product or service. The word consumer is often used interchangeably with the word customer. This is not entirely accurate. A customer is a person or organisation that purchases goods or services.