What Type of Company Resells Tangible Products It Purchases Ready-Made

question 179

Multiple Choice

What type of company resells tangible products it purchases ready-made from suppliers?

• A)Merchandiser
• B)Retailer
• C)Wholesaler
• D)All of the above

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Definitions:

Continuous-production

A method of production where materials are continuously processed or produced 24/7, typical in industries like chemicals and power plants, aiming for a high level of productivity.

Downsizing

A strategy involving reducing the size of a company's workforce to improve its efficiency and reduce costs.

Planned Strategy

A predetermined approach designed to achieve long-term or overall aims and objectives.

Organization

A structured group of people working together towards common goals, often characterized by a formal hierarchy and standard procedures.