The Primary Difference Between Retailers and Wholesalers Is That

question 89

Multiple Choice

The primary difference between retailers and wholesalers is that

• A) retailers sell consumer goods, while wholesalers sell industrial goods.
• B) retailers operate in local areas, while wholesalers operate over a wide geographic area.
• C) retailers sell to final consumers, while wholesalers sell to other organizations, such as retailers or manufacturers.
• D) retailers have sales of less than $100 million, while wholesalers have sales of $100 million or more.

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Definitions:

Generalizing

Making broad statements or conclusions based on limited evidence or from a few examples.

Sample

A subset of individuals, items, or data taken from a larger population, used to conduct statistical analysis without examining the entire population.

Illusion Of Control

The tendency for people to overestimate their ability to control events; an unrealistic belief in one's influence over external events.

Gamblers

Individuals who risk something of value on the outcome of an event with an uncertain result, often with the primary intent of winning additional money or goods.