Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'consumer'?

A. party that is bound legally or by agreement to repay a debt, make a payment, do something, or refrain from doing something
B. party that utilizes economic goods or services, typically for personal, family, or household purposes
C. grower, maker, fabricator, or manufacturer of some product or other good
D. party that purchases something in exchange for money or other consideration under a contract of sale

Answer: party that utilizes economic goods or services, typically for personal, family, or household purposes