Which of the Following Statements About Retailers and Retailing Activities

question 95

Multiple Choice

Which of the following statements about retailers and retailing activities is true?

• A) Wholesalers cannot generate revenue through retailing.
• B) Retailers generate most of their revenue through selling to institutions.
• C) Retailers sell products to consumers for nonbusiness use.
• D) About half of all U.S. workers are employed by retailers.
• E) Retailers sell only to businesses.

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Definitions:

Executory

In legal contexts, referring to contracts or obligations that are yet to be fully performed or completed by one or more parties.

Implied-In-Law

A term or condition not expressly stated but assumed to exist due to the nature of the transaction or the parties’ relationship, as recognized by law.

Restatement of the Law

A set of treatises on legal subjects that seek to inform judges and lawyers about general principles of common law.

American Law Institute

An organization that produces scholarly work to clarify, modernize, and otherwise improve the law, including issuing Restatements of the Law.