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
Correct Answer: Consumer
Solution : Consumers are any people who shop for products and services on the market for their own use. A consumer is simply someone who uses products and services that are offered on the market.
Hence ,the correct option is 2.
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
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
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