Kyle Plans to Buy New Tires for a Converted Bus

question 36

Multiple Choice

Kyle plans to buy new tires for a converted bus his family uses for camping trips. The tires are the same type used on General Motors commercial trucks and can be purchased from Industrial Tire Company. How are the tires that Kyle will buy for this bus classified?

• A) business products
• B) service products
• C) commercial products
• D) consumer products

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Definitions:

Trade Discount

A reduction in the list price of goods or services offered to buyers, typically in the business-to-business market.

Wholesalers

Businesses or individuals that sell goods in large quantities at lower prices, typically to retailers or professional buyers.

Distributors

Companies or individuals that buy products from manufacturers and sell them to retailers or directly to consumers.

Wholesale Price

The price charged for goods or services when sold in large quantities, usually to retailers who then sell them to the public.