GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What do you call someone who makes or provides a good or service for purchase?
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Producer
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Consumer
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Demand
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Supply
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Explanation:
Detailed explanation-1: -Producers are people who make or grow goods and provide services. Sometimes they are called workers, and they help us do things.
Detailed explanation-2: -A supplier is a person or business that provides a product or service to another entity. The role of a supplier in a business is to provide high-quality products from a manufacturer at a good price to a distributor or retailer for resale.
Detailed explanation-3: -Suppliers are often referred to as the first link in a supply chain, existing strictly in a B2B relationship.By contrast, a vendor is a business or person who purchases products from a company, then sells them to someone else.
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