Which of the Following Is True of Consumers of an Organization

question 62

Multiple Choice

Which of the following is true of consumers of an organization?

• A)The retail outlets which sell the products of an organization are considered the consumers of that organization.
• B)The consumers of an organization receive inputs and produce outputs for other customers the organization.
• C)The consumers of an organization are a part of one of the various departments or processes of the organization.
• D)The consumers of an organization are the ultimate purchasers and users of the organization's products.

---

Definitions:

Product Demand

This term describes the consumers' desire and willingness to purchase a specific product or service at a given price within a specified time frame.

Marginal Revenue Product

The extra income resulting from the use of an additional unit of a production input, such as workforce or investment.

Product Price

The amount of money a customer must pay to acquire a specific product.

Additional Worker

Refers to the incremental human resource added to the workforce, potentially affecting productivity and costs.