Multiple choice

What is the difference between a consumer and a trader?

  1. Trader buys for personal use/ consumer buys to sell on

  2. Consumer buys for personal use/ trader buys to sell on

  3. Consumer buys to sell to a trader

  4. Consumer eats the product/ trader sells it to make a loss
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A consumer purchases goods or services for personal use, whereas a trader or business buys items to resell them for profit.

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