GK
BUSINESS MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
People
|
|
|
Consumer
|
|
|
Businesses
|
|
|
Customer
|
Detailed explanation-1: -Consumers are defined as individuals or businesses that consume or use goods and services.
Detailed explanation-2: -The person who pays and purchases a product is called a consumer.
Detailed explanation-3: -A target market is a group of customers with shared demographics who have been identified as the most likely buyers of a company’s product or service. Identifying the target market is important in the development and implementation of a successful marketing plan for any new product.
Detailed explanation-4: -A consumer is a person who purchases/buys any goods or services for his personal use that is not for further selling them or manufacturing. The consumer pays price for the product or service he purchases.