ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Customers are people who purchase products for the purpose of consumption or personal use.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -However, a consumer is someone who consumes or uses the goods, and the customer is someone who purchases the commodity and makes the payment. Sometimes, both the customer and consumer, are the same individual, when an individual buys good for their personal use.

Detailed explanation-2: -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-3: -Consumer products, also referred to as final goods, are products that are bought by individuals or households for personal use. In other words, consumer products are goods that are bought for consumption by the average consumer.

There is 1 question to complete.