GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the final user of goods and services
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someone who loves to eat
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someone who makes goods and services
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someone who consumes a lot
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Detailed explanation-1: -Any individual who purchases products or services for his personal use and not for manufacturing or resale is called a consumer. 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-2: -An end user is a person or other entity that consumes or makes use of the goods or services produced by businesses.
Detailed explanation-3: -A consumer is always the end user of a product or service, but might not have purchased it. A customer becomes a consumer if they make a purchase and use the product or service themselves. A customer always purchases a product or service, but might not be the end user.
Detailed explanation-4: -A consumer is any person or group who is the final user of a product or service.
Detailed explanation-5: -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.