Asked by Matthew Valenzuela on May 10, 2024
Verified
Merchandising firms largely refer to retail and wholesale outlets that buy goods from suppliers and resell them to customers.
Merchandising Firms
Businesses that purchase finished goods for resale, typically operating in the retail or wholesale sectors.
Retail and Wholesale
The selling of goods in small quantities (retail) to consumers and in large quantities (wholesale) to businesses or retailers.
- Identify the distinctions among service companies, merchandising companies, and manufacturing companies regarding how they generate revenue and conduct their operations.
Verified Answer
JB
Jean Baptiste FamilyMay 14, 2024
Final Answer :
True
Explanation :
This statement accurately describes what merchandising firms are.
Learning Objectives
- Identify the distinctions among service companies, merchandising companies, and manufacturing companies regarding how they generate revenue and conduct their operations.