Examlex
Which of the following is correct?
Merchandising Firms
Businesses that purchase finished goods for resale, typically operating in the retail or wholesale sectors.
Retail and Wholesale
The selling of goods in small quantities (retail) to consumers and in large quantities (wholesale) to businesses or retailers.
Theory of Constraint (TOC)
A management philosophy that focuses on identifying and removing bottlenecks or constraints that limit the performance of a system.
Ethical Responsibility
The duty of individuals and corporations to act in ways that benefit not just themselves but also society, often beyond legal obligations.
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