Customer Terminology and Concepts
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Questions and Answers

Which term is commonly used to refer to individuals who receive personalized advice and solutions?

  • Buyer
  • Purchaser
  • Client (correct)
  • Customer
  • What is the etymology of the term 'client'?

  • Derived from Latin customer meaning 'to purchase' or 'to buy'
  • Derived from Latin purchaser meaning 'to obtain' or 'to acquire'
  • Derived from Latin clients or care meaning 'to incline' or 'to b' (correct)
  • Derived from Latin vendor meaning 'to sell' or 'to trade'
  • Which of the following is NOT a term commonly used to refer to individuals who receive goods and services?

  • Customer
  • Supplier (correct)
  • Buyer
  • Purchaser
  • Which type of organizations tend to prefer the term 'client' over 'customer'?

    <p>Law firms</p> Signup and view all the answers

    What type of economy relied on favours in early societies?

    <p>Gift economy</p> Signup and view all the answers

    Which term is commonly used to refer to individuals who receive personalized advice and solutions?

    <p>Client</p> Signup and view all the answers

    What is the primary factor that distinguishes a customer from a client?

    <p>The duration of the relationship</p> Signup and view all the answers

    Which term is commonly used in grocery stores, banks, and restaurants to refer to individuals who receive goods and services?

    <p>Customer</p> Signup and view all the answers

    What was the economic system based on favours in early societies called?

    <p>Gift economy</p> Signup and view all the answers

    Which term is commonly used to refer to individuals who obtain goods, services, products, or ideas via a financial transaction or exchange?

    <p>Customer</p> Signup and view all the answers

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