The Primary Function of Most Wholesalers Is to

question 103

Multiple Choice

The primary function of most wholesalers is to

• A) support the needs of the manufacturers and provide them with market information.
• B) provide for the unique needs of the individual retailers buying their merchandise.
• C) provide information system tracking of inventory for the ultimate consumer.
• D) perform physical distribution of products from manufacturers to retailers.
• E) develop and share database information about customers.

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Definitions:

Annual Revenues

The total amount of money received by a company for goods sold or services provided during a fiscal year.

Net Income

The concluding profit figure for a company, arrived at by deducting every type of expense and tax from its complete revenue.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated as depreciation expense since it was put into use, reflecting usage or wear and tear.

Service Fees Earned

Service fees earned refer to revenues a company generates from providing services to clients or customers, as opposed to selling physical goods.