What term refers to a person who purchases goods and services for personal use?

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Multiple Choice

What term refers to a person who purchases goods and services for personal use?

Explanation:
Understanding who buys for personal use is key. A consumer is the person who purchases goods and services for personal use and consumption, not for resale or running a business. This makes the term the best fit for someone who buys for themselves or their household. The other options describe money, financial instruments, or concepts that aren’t about personal consumption (profit is earnings, Bills of Exchange are a payment document, and M-Money isn’t a standard term), so they don’t apply here.

Understanding who buys for personal use is key. A consumer is the person who purchases goods and services for personal use and consumption, not for resale or running a business. This makes the term the best fit for someone who buys for themselves or their household. The other options describe money, financial instruments, or concepts that aren’t about personal consumption (profit is earnings, Bills of Exchange are a payment document, and M-Money isn’t a standard term), so they don’t apply here.

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