InterContinental Hardware Co

question 9

Multiple Choice

InterContinental Hardware Co. buys carload quantities of bolts, screws, nuts, washers, and other hardware from a large producer in the Netherlands, breaks these shipments into smaller quantities, and sells them to other wholesalers and retail chains. This "regrouping activity" is called:

• A) assorting.
• B) wholesaling.
• C) accumulating.
• D) bulk-breaking.
• E) sorting.

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Definitions:

Price

The amount of money expected, required, or given in payment for something.

Retail Clerk

A retail clerk is an employee working within a retail setting, responsible for assisting customers, processing transactions, and organizing merchandise.

Part-Time

Part-Time describes employment with fewer hours per week than a full-time job, often offering limited benefits and flexibility.

Earnings

The amount of money that a company makes from its activities, often reported as profit on a financial statement.