MANAGEMENT

BUISENESS MANAGEMENT

MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Any individual who purchases goods and services from the market for his/her end-use is called a ____
A
Customer
B
Purchaser
C
Consumer
D
All these
Explanation: 

Detailed explanation-1: -A consumer is a person who purchases and uses goods and services by paying or agreeing to pay a price for them. 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: -Customers are the individuals and businesses that purchase goods and services from another business.

Detailed explanation-3: -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. Anytime someone goes to a store and purchases a toy, shirt, beverage, or anything else, they are making that decision as a consumer.

Detailed explanation-4: -In sales, business, and economics, a customer is someone who buys something from a seller, vendor, or supplier in exchange for money or something else of value. This person is also called a client, buyer, or purchaser.

Detailed explanation-5: -Households are buyers in the market for goods and services. Households exchange income for goods and services. Businesses are sellers in the market for goods and services. Businesses sell goods and services in exchange for money, which in this case is called revenue.

There is 1 question to complete.