GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Individuals and households who buy goods or services for personal consumption are
A
the customers
B
the suppliers
C
the intermediaries
D
None of the above
Explanation: 

Detailed explanation-1: -An individual who buys products or services for personal use and not for manufacture or resale. A consumer is someone who can make the decision whether or not to purchase an item at the store, and someone who can be influenced by marketing and advertisements.

Detailed explanation-2: -Consumer Buying Behavior refers to the buying behavior of final consumers (individuals & households) who buy goods and services for personal consumption.

Detailed explanation-3: -A consumer is a person who purchases and uses goods and services by paying or agreeing to pay a price for them.

Detailed explanation-4: -The consumer market refers to the market in which people buy goods and services for personal consumption rather than resale.

There is 1 question to complete.