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Any individual who purchases goods and services from the market for his consumption to satisfy his want is called as. a) Customer b) Purchaser c) Consumer d) All of the above?
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Any individual who purchases goods and services from the market for hi...
Customer, Purchaser, or Consumer?
- Customer: A person who buys goods or services from a business
- Purchaser: A person who buys something, especially for a company or organization
- Consumer: A person who buys goods or services for their own use
Explanation:
Each of these terms refers to someone who is buying something, but the context and purpose of the purchase differ. Here’s a breakdown of each term:
- Customer: Someone who buys goods or services from a business, typically for the purpose of using them themselves. This person may or may not be the end user of the product or service - for example, a parent might be a customer of a toy store but the child is the end user of the toys.
- Purchaser: Someone who buys something, often on behalf of a company or organization. This person is responsible for making sure the purchase meets the needs of the organization and may have different criteria for evaluating products or services than an individual consumer.
- Consumer: Someone who buys goods or services for their own use. This person is the end user of the product or service and is typically focused on meeting their own needs and preferences.
Conclusion:
All three terms refer to someone who is buying something, but the context and purpose of the purchase differ. Understanding the difference between these terms can be helpful for businesses trying to understand their target market and for individuals trying to make informed purchasing decisions.
Community Answer
Any individual who purchases goods and services from the market for hi...
Option d
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Any individual who purchases goods and services from the market for his consumption to satisfy his want is called as. a) Customer b) Purchaser c) Consumer d) All of the above?
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Any individual who purchases goods and services from the market for his consumption to satisfy his want is called as. a) Customer b) Purchaser c) Consumer d) All of the above? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Any individual who purchases goods and services from the market for his consumption to satisfy his want is called as. a) Customer b) Purchaser c) Consumer d) All of the above? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Any individual who purchases goods and services from the market for his consumption to satisfy his want is called as. a) Customer b) Purchaser c) Consumer d) All of the above?.
Any individual who purchases goods and services from the market for his consumption to satisfy his want is called as. a) Customer b) Purchaser c) Consumer d) All of the above? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Any individual who purchases goods and services from the market for his consumption to satisfy his want is called as. a) Customer b) Purchaser c) Consumer d) All of the above? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Any individual who purchases goods and services from the market for his consumption to satisfy his want is called as. a) Customer b) Purchaser c) Consumer d) All of the above?.
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