The Main Difference Between Retailing and Wholesaling Is That

question 376

Multiple Choice

The main difference between retailing and wholesaling is that:

• A) Retailing involves selling to other merchants and wholesaling does not.
• B) Retailing involves selling to business customers and wholesaling does not.
• C) Technology is more important in wholesaling than in retailing.
• D) Wholesaling involves selling mainly to other merchants and business customers, but retailing involves selling mainly to final consumers.
• E) Wholesaling involves selling to final consumers and retailing does not.

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Definitions:

Slope

In mathematics, the measure of the steepness or angle of a line, defined as the ratio between the rise and the run between two points on the line.

Rectangular Hyperbola

A type of curve, defined as the graph of an equation of the form xy = c, where c is a constant, representing certain economic relationships.

Demand Curve

A graph depicting the relationship between the price of a good and the quantity demanded, typically showing a downward slope.

Unit Elasticity

A situation in which the percentage change in quantity demanded or supplied is equal to the percentage change in price.