ENTREPRENEURSHIP

Detailed explanation-1: -Final consumer definition is the description of the characteristics of an end user of a finished product or service. It helps to carry out a promotional (or marketing) strategy that works by first studying and understanding the needs (or pain points) of the end user of a finished product or service.

Detailed explanation-2: -Definition. Customer is the one who is purchasing the goods. Consumer is the one who is the end user of any goods or services.

Detailed explanation-3: -Goods that are purchased by the households are meant for the final consumption. For example, television, milk, ready to eat foods, medicines, and more. It also consists of the goods that are purchased by the firms for investment purposes or for capital formation.

Detailed explanation-4: -Final Customers-People who purchase products for their own use are known as final customers.