People Who Use the Products and Services Purchased for a Household

question 83

Multiple Choice

people who use the products and services purchased for a household are called

• A) organizational buyers.
• B) household prospects.
• C) ultimate consumers.
• D) a target market.
• E) sellers.

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Definitions:

Benevolence

The quality of being well-meaning and kindly; a desire to help others.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits one could have received by taking the alternative action.

Manufacturing

The process of converting raw materials or components into finished goods through the use of tools, human labor, machinery, and chemical processing.

Export

The sale and shipping of goods or services from one country to another.