Question : A person who buys goods and services from the market for personal use is referred to as:

Option 1: Customer

Option 2: Consumer

Option 3: Seller

Option 4: Purchaser

Question : The products that directly satisfy human demands are referred to as:

Option 1: Producer goods

Option 2: Intermediate goods

Option 3: Capital goods 

Option 4: Consumer goods

Question : Which among the following is not considered as a consumer under consumer protection act 1986?

Option 1: A person who buys any goods for a consideration which has been paid

Option 2: A person who avails of any service for a consideration which has been promised

Option 3: A person who avails of a service for a commercial purpose

Option 4: None of the above 

Question : Buildings, machinery, tools, and equipment are a few examples of the capital goods that firms employ to produce their goods and services.

Option 1: Consumer goods

Option 2: Inferior goods

Option 3: Intermediate goods

Option 4: Capital goods

Question : Which of the following is not a defination of consumer?

Option 1: Any person who buys goods for a consideration which has been paid or promised

Option 2: A person who obtains goods for resale purpose

Option 3: Any person who hires or avails of any service for consideration which has been paid or promised

Option 4: None of the above

Question : -----is nothing more than consumers' willingness to buy goods and services according to their preferences, needs, and budget.

Option 1: The behavior of a consumer

Option 2: Consumer interest

Option 3: Consumer perception

Option 4: Consumer attitude