Consumer and society

Business Studies J.S.S 1 Second Term

WEEK 10

Consumer and society

Performance Objectives

 The student should be able to:  

1. Explain who a consumer is.

    2. Explain the meaning of market and society.

    3. Mention the need for consumer education.

Content

Meaning of consumer

A consumer can be defined as any person or corporate individual that purchases a product for immediate personal use. A consumer is an end-user of a product.

Meaning of market

This can be defined as any arrangement (personal or impersonal, formal or informal) which facilitates the exchange of goods and services for money. The market is where buyers and sellers come together to exchange goods and services for payment.

Meaning of society

Society is…