Asked by Connell Maxwell on May 20, 2024
Verified
Lion's Leather Corp. buys leather from China and sells it to clothing manufacturers in the United States. Lion's Leather Corp. is a retailer.
Retailer
A business or person that sells goods to consumers as opposed to wholesalers or suppliers.
Leather
A durable and flexible material created by tanning animal rawhide and skins.
- Acknowledge the aspects of reseller market and its operational processes within the realm of B2B transactions.
Verified Answer
DM
Doris MollaMay 25, 2024
Final Answer :
False
Explanation :
Lion's Leather Corp. is not a retailer, it is a wholesaler since it buys leather in bulk from a supplier and sells it to manufacturers who use it to make clothing.
Learning Objectives
- Acknowledge the aspects of reseller market and its operational processes within the realm of B2B transactions.
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