The Consumer Market Is Made Up of Which of the Following

question 54

Multiple Choice

The consumer market is made up of which of the following?

• A) individuals who are actual or potential buyers of goods or services for personal consumption
• B) households that are actual or potential buyers of goods or services for personal consumption
• C) businesses that are actual or potential buyers of goods and services for use in the production of other products or services
• D) A and B
• E) all of the above

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Definitions:

Violate

To break or fail to comply with a rule or formal agreement.

Limited Liability Partnership

A business structure that allows partners to have limited liabilities, protecting personal assets from business debts.

Owners

Individuals or entities that possess an item or asset and have legal rights and control over it.

Taxes

Compulsory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.