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
Correct Answer: Consumer interest
Solution : Consumer interest is nothing more than their propensity to purchase goods and services based on their preferences, needs, and of course, budget. At this stage, a consumer goes through before purchasing products or services for his end use.
Hence , the correct option is 2.
Question : --- is the process of taking action and making decisions, or consumers who make purchases for their own use?
Option 1: Consumer interpretation
Option 2: Consumer attitude
Option 3: Consumer interest
Option 4: Consumer behavior
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 : What is the responsibility of consumers under the Consumer Protection Act?
Option 1: Consumers have no responsibilities; only rights
Option 2: Consumers are responsible for ensuring fair trade practices
Option 3: Consumers must report any violation of their rights to the authorities
Option 4: Consumers must pay higher prices for goods and services
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