Categories of consumers

A person who acquires goods and services for personal, domestic, or household use.

• supplier

• consumer

• retailer

• wholesaler

All those actions performed to satisfy consumers' needs, such as providing medical attention or transporting students to school.

• consumer

• products

• services

• goods

All those tangible products which consumers use, such as bread, clothes, and cars

• goods

• services

• credit

• debit

An agreement in which goods, services, or money are exchanged against a promise to pay later

• debit

• services

• credit

• retailer

Short-term loans for the purchase of goods and services. The goods bought are usually mainly durable goods such as furniture, household appliances and cars.

• debit

• consumer credit

• hire purchase

• debit

A loan granted to an individual for personal, family, or household use. It is repaid in fixed installments over a fixed period of time.

• personal loan

• consumer credit

• hire purchase

• debit card

A card with a magnetic strip issued by a financial company such as a bank or credit union. It authorizes the holder to borrow money or buy goods and services on credit up to a predetermined limit.

• consumer credit

• hire purchase

• debit card

• credit card

A card with a magnetic strip issued by a financial company such as a bank or credit union. It is connected to the customer's account and it allows the customer to transfer funds electronically, pay for goods and services at a point of sale without having to use cash.

• personal loan

• debit card

• credit

• credit card

A credit system that allows the buyer to pay for an item in regular installments, which include interest, while enjoying the use of it.

• credit

• goods

• hire purchase

• debit card

When someone buys a house they usually get finance by using which of the following?

• a credit card

• a personal loan

• a mortgage

• a debit card