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The term consumer sovereignty means that?

Commerce
WAEC 2015

The term consumer sovereignty means that?

  • A. seller is the king
  • B. product is supreme
  • C. buyer is the king
  • D. producer is the king
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Correct Answer: Option C
Explanation

Consumer sovereignty; is the situation in an economy where the desires and needs of consumers control the output of producers.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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