An individual who makes the final use of goods and services provided by a firm is the?

Assessment: WAEC SSCE - Commerce - 1990 (Objective) Subject: Commerce

Question 1 Report

An individual who makes the final use of goods and services provided by a firm is the?
Answer Details
The individual who makes the final use of goods and services provided by a firm is known as a consumer. A consumer is the end user or customer who purchases goods or services from a business. They are the ones who use the products or services for personal or household purposes. The other options listed in the question refer to different types of intermediaries who are involved in the distribution of goods and services before they reach the end consumer. Manufacturers produce goods, wholesalers purchase goods in bulk from manufacturers and sell them to retailers, retailers sell the goods to consumers, and traders can refer to individuals or companies involved in buying and selling goods or securities for profit.

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