BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cost
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Markdown
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Markup
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Selling price
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None
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Detailed explanation-1: -Often, merchandising firms are referred to as resellers or retailers since they are in the business of reselling a product to the consumer at a profit.
Detailed explanation-2: -Answer and Explanation: Merchandising companies that sell to retailers are known as b. wholesalers.
Detailed explanation-3: -The cost of merchandise sold is the cost of goods that have been sold by a wholesaler or retailer. These entities do not manufacture their own goods, instead buying the goods from third parties and selling them to their customers.
Detailed explanation-4: -Under this definition, there are two types of merchandising companies, namely retail and wholesale. Retailers sell their products directly to consumers, while wholesalers buy from manufacturers and sell to retailers.