Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
According to the definition provided, who would NOT be considered a consumer?
According to the definition provided, who would NOT be considered a consumer?
- A person who buys goods for personal use
- A person who hires a service for personal use
- A person who buys goods for resale (correct)
- A person who hires a service for commercial use
What is the key requirement for someone to be considered a consumer?
What is the key requirement for someone to be considered a consumer?
- Paying a consideration for goods or services (correct)
- Using goods or services with approval
- Buying goods for personal use
- Hiring services for personal use
Which of the following is NOT included in the definition of a consumer?
Which of the following is NOT included in the definition of a consumer?
- A person who hires a service for personal use
- A person who avails of services with approval
- A person who obtains goods for resale (correct)
- A person who buys goods for personal use
What is the significance of the phrase 'under any system of deferred payment' in the definition of a consumer?
What is the significance of the phrase 'under any system of deferred payment' in the definition of a consumer?
Signup and view all the answers
Who would be considered a consumer under the provided definition?
Who would be considered a consumer under the provided definition?
Signup and view all the answers
Flashcards are hidden until you start studying
