Maharashtra State BoardHSC Commerce 12th Board Exam
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Answer the following. Who is the consumer? - Organisation of Commerce and Management

Answer in Brief

Answer the following.

Who is the consumer?

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Solution

The word 'Consumer' is derived from the Latin word 'Consumer' which means, to eat or to drink. The consumer is the one who consumes or uses any commodity or service available from natural resources or through a market.
A Consumer means any person who buys any goods, hires any service or services for a consideration which has been paid or promised or partly paid or partly promised or under any system of deferred payments.

Concept: Consumer
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