A sale where the buyer purchases goods for their own consumption is known as what?

The scenario described in the question refers to a retail sale. In this context, a retail sale occurs when goods are sold directly to consumers for their personal use, rather than for resale or commercial purposes. This type of sale is generally characterized by a transaction where the quantities purchased are smaller and are specifically intended for the end user.

Retail sales are a fundamental part of the economy, providing consumers access to a vast array of products for their daily needs. Retailers serve as the final link in the distribution chain, selling products in a format that is convenient for individual customers.

In contrast, the other options describe different types of sales situations. Wholesale typically involves selling goods in larger quantities to retailers or other businesses, with the expectation that those buyers will resell the products. Bulk sales refer to transactions where items are bought in bulk, which could still be for resale or large organizational use. Consignment involves a seller providing goods to another individual or business to sell, where the original seller retains ownership until the items are sold. None of these options align with the definition of purchasing goods for personal consumption, which clearly defines the retail sales context.