What Is the Main Difference Between Retailing and Wholesaling

question 144

Multiple Choice

What is the main difference between retailing and wholesaling?

• A)Retailing involves selling to other merchants and wholesaling does not.
• B)Retailing involves selling to business customers and wholesaling does not.
• C)Technology is more important in wholesaling than in retailing.
• D)Wholesaling involves selling mainly to other merchants and business customers,but retailing involves selling mainly to final consumers.
• E)Wholesaling involves selling to final consumers and retailing does not.

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Definitions:

Ambiguous

Something that is unclear or can be understood in more than one way because of vague or incomplete information.

Types of Title

Various categories of legal ownership of property, including but not limited to fee simple, leasehold, and life estate.

Sale of Goods

A transaction where the seller transfers goods to the buyer for a consideration, typically money.

Transaction

An exchange or transfer of goods, services, or funds between two or more parties.