Any person who buys any goods for a consideration which have been paid or promised, or partly paid and partly promised or under any scheme of deferred payment is known as ____________.

Consumer

The correct answer is option (4)- Consumer.

Any person who buys any goods for a consideration which have been paid or promised, or partly paid and partly promised or under any scheme of deferred payment is known as Consumer.

A ‘consumer’ is generally understood as a person who uses or consumes goods or avails of any service. Under the Consumer Protection Act 2019, a consumer is a person who buys any goods or avails services for a consideration, which has been paid or promised, or partly paid and partly promised, or under any scheme of deferred payment. It includes any user of such goods or beneficiary of services if such use is made with the approval of the buyer. It applies to both offline and online transactions through electronic means or by teleshopping or direct selling or multilevel marketing.