Asked by shawn christian on May 20, 2024
Verified
A merchandising business buys products from other businesses to sell to customers.
Merchandising Business
A business that buys goods in a ready-to-sell form and earns revenue by selling these goods to customers.
Products
Items or services that are created or provided by a business for sale to customers.
Customers
are individuals or entities that purchase products or services from a business.
- Distinguish among various business models (manufacturing, merchandising, and service) and their specific requirements for accounting.
Verified Answer
TR
Thomas RuggioMay 22, 2024
Final Answer :
True
Explanation :
A merchandising business does indeed buy products from other businesses to sell to customers.
Learning Objectives
- Distinguish among various business models (manufacturing, merchandising, and service) and their specific requirements for accounting.
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