Which of the Following Characteristics Apply to Merchandising Organisations

question 1

Multiple Choice

Which of the following characteristics apply to merchandising organisations?
i. They purchase goods for sale.
ii. Outputs can be stored.
iii. They produce intangible outputs.
iv. Services are consumed as they are produced.

• A) i and iii
• B) ii and iii
• C) i and ii
• D) i and iv

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Definitions:

Liable

Required to answer legally.

Misconduct

Inappropriate or unlawful behavior by a person in a professional or official capacity.

Agents

Individuals or entities authorized to act on behalf of others, often in business or legal matters.

Benefit Corporation

A type of for-profit corporation, available by statute in a number of states, that seeks to have a material positive impact on society and the environment.