Which example illustrates consumption?
A) a new computer purchased by Federal Express for one of its corporate executives
B) a storage facility for a moving company
C) a new car purchased for personal use
D) a dump truck purchased by a demolition company

Question

Quizplus · Accepted Answer

Consumption refers to the purchase or use of goods and services for personal use or by households. Option C is a clear example of consumption as it is the purchase of a new car for personal use. Options A, B, and D are all purchases made by businesses for their operations and do not fall under personal consumption.

Which Example Illustrates Consumption