Which of the Following Is True of Retailers

question 98

Multiple Choice

Which of the following is true of retailers?

• A) They buy raw materials,components,and parts that allow them to manufacture their own goods.
• B) They are a form of resellers.
• C) They resell manufactured products by significantly altering their form.
• D) They are one of the largest purchasers of goods and services in most countries.
• E) They are the prime producers of household products.

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Definitions:

Strategic Plan

A document outlining an organization's long-term goals and the actions needed to achieve them, considering internal and external factors.

Principles

Basic principles or statements that provide the groundwork for a belief system or behavioral code, or which underpin a sequence of logical deductions.

Conduct

The manner in which an organization or individual behaves in a professional or personal setting.

Profits

The financial gain realized when the revenues generated from business activities exceed the expenses, costs, and taxes associated with sustaining the operation.