Entrepreneurs

Who can be considered a consumer?

• A person or entity that is the source for goods or services.

• A person or a group that is the final user of goods and services produced within an economy.

• A person or entity that is the source for goods or services.

• A company in the same industry or a similar industry which offers a similar product or service.

What is the definition of a supplier?

• A person or a group that is the final user of goods and services produced within an economy.

• The amount of money expected, required, or given in payment for something.

• A legal entitlement to have or do something.

• Is a person or entity that is the source for goods or services.

A supplier is a person or entity that is the source for (a)   or services.

The amount of money expected, required, or given in payment for something is known as the _______

• price

• GST

• economy

• total

A company in the same industry or a similar industry that offers a similar product or service is known as a _____________

• Enemy

• Competitor

• Business partner

• Debt Collector

A good or service which fulfils the needs or (a)   of the consumer.

The organised exchange of goods, services or resources between buyers and sellers is known as the (a)   .

A salesperson who buys goods from a source, or multiple sources, to resell to anyone and everyone for profit is known as a __________.

• Marketer

• Buyer

• Consumer

• Merchant

A (a)   entitlement to have or do something is known as a 'right'.

Having a duty or obligation to deal with something is known as a ______.

• responsibility

• right

• assistance

• headache