Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following is true with respect to consumers?

• A. They purchase goods and resell it.
• B. They are the end users of goods and services.
• C. They purchase goods and consume them.
• D. They are the intermediary through whom goods are distributed.

Answer 1

Answer: (B), (C)

They purchase goods and consume them.

Consumers purchase and use goods and services by paying or agreeing to pay the price for them. Producers produce or manufacture goods and services, and retailers are the ones who distribute and sell them to final consumers.