Webconsumer: [noun] one that consumes: such as. one that utilizes economic goods. an organism requiring complex organic compounds for food which it obtains by preying on other organisms or by eating particles of organic matter — compare producer 3.

WebDefinition of consumer. The consumer is the one who is the end-user of any goods or services. Any person, other than the buyer who buys the product or services, and consumes the product by taking his/her permission is categorized as a consumer. Any single or group of people, other than the buyer who buys the product or services, consumes the ...

WebDefinition: Consumer is a person who decides on the purchase of a good or a service for personal use, based on personal preferences, beliefs, and needs or the influence of advertising. What Does Consumer Mean? What is the definition of consumer? Understanding consumer behavior enables firms to launch products that people need …

WebConsumer. A consumer is a person or a group who intends to order, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities. The term most commonly refers to a person who purchases goods and services for personal use.

Webconsumer definition: 1. a person who buys goods or services for their own use: 2. a person who buys goods or services…. Learn more.

WebConsumer meaning. A consumer is a person who buys goods and services. The person who buys a good or service is the final user of the good or service. In a marketplace, consumers are the ones who determine what gets produced and how it is produced. They are also the ones who vote with their dollars through their purchases and direct the …

Web2. (Economics) a person or organization that uses a commodity or service. 3. (Ecology) an organism, usually an animal, that feeds on plants or other animals.”. This article focuses on the economic definition of of the term. Consumers are the end users of a product or service. In this image, the customer is the adult.

WebConsumer refers to any person who purchases some goods for a consideration that has been either paid or promised to pay or partly paid and partly promised. According to the Act, a consumer’s definition is who: buys goods or hires any service. uses the goods or hires any service with the approval of any buyer or service provider.

Web12/07/2012 · In short, a consumer is a person who buys or hires any goods or services for a consideration. That is, either you can be Consumer/Buyer of Goods or Consumer/Buyer for Services. Therefore, you are a ‘Consumer’: 1. If you have paid for the purchase of goods or hiring of services, i.e. free services are not covered under the Act.

Web09/08/2020 · 1) Who is a Consumer? 1.1) Person who obtains goods and services for a consideration 1.2) Person who uses goods and... 2) Conclusion