Question

Provide 5 hypothetical examples of sales of specific goods to

specific buyers, and briefly explain whether these buyers are
'consumers' and why.

Answer 1

inal answer:

Here are five hypothetical examples of sales of specific goods to specific buyers and whether they are consumers or not.

Step-by-step explanation:

Here are five hypothetical examples of sales of specific goods to specific buyers:

1. John buys a new smartphone from an electronics store. He is a consumer because he purchases the smartphone for personal use.
2. ABC Company purchases raw materials from a supplier to manufacture their products. ABC Company is not a consumer because they intend to use the raw materials for production purposes.
3. Sarah buys a new laptop from an online retailer. She is a consumer as she plans to use the laptop for her personal and educational needs.
4. A school district buys textbooks from a publisher to distribute them to students. The school district is not a consumer because they are purchasing textbooks for educational purposes, not personal use.
5. Mark purchases a car from a dealership to use it as a taxi. He is not a consumer because he intends to use the car for business purposes as a taxi driver.

Consumers are individuals or households who purchase goods or services for their own personal use. In the examples above, John, Sarah, and the individuals purchasing textbooks are consumers because their purchases are for personal use. ABC Company and the school district, on the other hand, are not consumers because their purchases are for business or educational purposes, respectively.