The Type of Merchandiser Who Purchases Goods from the Producer

question 75

Multiple Choice

The type of merchandiser who purchases goods from the producer and sells them to retailers that sell them to the consumer is a:

• A)Manufacturer.
• B)Retailer.
• C)Wholesaler.
• D)Service business.

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Definitions:

Open Innovation

A business model that encourages companies to acquire outside sources of innovation to improve products and reduce costs.

Intrinsic Motivation

The drive to engage in an activity for its inherent satisfaction or pleasure, rather than for some separable consequence or external reward.

Extrinsic Rewards

Extrinsic rewards are benefits provided by an external source, such as money, grades, or praise, which motivate individuals to perform an activity.

Open Innovation

A business model that encourages companies to utilize external as well as internal ideas and paths to market as they look to advance their technology or services.