An Example of a Chain Retailer Performing a Wholesaling Function

question 61

Multiple Choice

An example of a chain retailer performing a wholesaling function is _____.

• A)gaining exclusive rights to sell certain items
• B)introducing private brands,such as Sears' Kenmore
• C)using point-of-sale equipment to determine inventory levels
• D)buying directly from suppliers

---

Definitions:

Professional Accounting Program

A formal education and training program designed to provide knowledge and skills necessary for accounting careers.

Retail Price

The total cost that consumers pay for a product in retail stores, including markups by retailers.

Wholesale Cost

The price charged by manufacturers or distributors to retailers for products, typically lower than the retail price.

Basic Price Per Meal

The standard cost before any discounts or additional fees, for a single meal offering.