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Which of the Following Is Correct

question 75

Multiple Choice

Which of the following is correct?


Definitions:

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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