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Question
Identify the activity where people buy the products from the retailer to fulfill their needs.
Identify the activity where people buy the products from the retailer to fulfill their needs.
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Solution
The correct option is C Consumption
After the final goods are produced by the producer, they are sold to the wholesaler who in turn sells them to the retailer. Finally, people buy these products from the retailer to fulfill their needs. This is known as consumption.
After the final goods are produced by the producer, they are sold to the wholesaler who in turn sells them to the retailer. Finally, people buy these products from the retailer to fulfill their needs. This is known as consumption.
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