Which of the following is an example of an ultimate consumer?
A)a newspaper reporter who receives a plane ticket to Washington,D.C.to cover the presidential inauguration
B)a school teacher who bought a ticket to the Summer Olympics opening ceremonies
C)an office receptionist who renews the magazines that are found in the office waiting room
D)a retailer who buys poster board to make signs for an upcoming store sale
E)a landscaping firm employee who buys a new wheelbarrow to use to haul mulch

Question

Quizplus · Accepted Answer

An ultimate consumer is the person who purchases a product or service for their personal use or consumption. In this case, the school teacher who buys a ticket to the Summer Olympics opening ceremonies is purchasing for their personal use and not for business purposes, making them an ultimate consumer. The other options involve purchasing products for use in their work or business, making them intermediate consumers.

Which of the Following Is an Example of an Ultimate