The consumer market is made up of which of the following?
A)individuals who acquire goods or services for personal consumption
B)households that purchase goods or services for personal consumption
C)businesses that purchase goods and services
D)A and B
E)all of the above

Question

Quizplus · Accepted Answer

The consumer market is made up of individuals and households who purchase goods or services for personal consumption. Therefore, both choice A (individuals) and B (households) are correct. Choice C (businesses) refers to the industrial market, which is a separate market from the consumer market. Therefore, the best choice is D, which includes only individuals and households as parts of the consumer market.

The Consumer Market Is Made Up of Which of the Following