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A Business Firm That Primarily Sells Merchandise to Other Businesses

question 33

Multiple Choice

A business firm that primarily sells merchandise to other businesses is known as a:


Definitions:

Variable Cost

Costs that change in proportion to the good or service that a business produces.

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Market Price

The current price at which a good or service can be bought or sold in a market, determined by the forces of supply and demand.

Sacks

Bags made of various materials, typically used for storing or transporting items.

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