GK
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
True
|
|
|
False
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -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-2: -The person who pays and purchases a product is called a consumer.
Detailed explanation-3: -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-4: -A consumer is someone who purchases the product for his/her own need and consumes it.
Detailed explanation-5: -Buyer/Customer means the person, company or firm who purchases Goods from the Seller.