Retailers Provide Important Functions That Increase the Value of the Products

question 58

Multiple Choice

Retailers provide important functions that increase the value of the products and services they sell to consumers.Which of the following is NOT a value-creating activity performed by a retailer?

• A) Providing an assortment of products
• B) Reducing production costs with innovative designs
• C) Breaking bulk
• D) Holding inventory
• E) Providing an assortment of services

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Definitions:

Honour

A quality that combines respect, being esteemed, and a sense of ethical conduct.

Bill of Exchange

A written, unconditional order by one party directing another party to pay a specified sum of money to a third party on demand or at a future date.

Liable

Legally responsible or obligated.

Manufacturer's Warranty

A promise by the maker of a product regarding the condition, quality, or lifespan of the item they sell.