Question

In which of the following scenarios is Tina a consumer?

• A. Tina buys twenty tomato ketchup sachets for the purpose of reselling them.
• B. Tina buys two laptops for her personal use.
• C. Tina buys mobile phones in large quantities at low prices to sell them to retailers.
• D. Tina has started a business to manufacture potato chips.

Answer 1

The correct option is B Tina buys two laptops for her personal use.

Producers are those who produce or manufacture goods and services, and retailers are the ones who distribute and sell them to final consumers.

A wholesaler is a person or company that sells goods in large quantities at low prices, typically to retailers.

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

Here, Tina has bought laptops for her personal use is an example of consumer.