BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
It is the price for which a merchandising business or retailer sells a product to a costumer.
A
Cost
B
Markdown
C
Markup
D
Selling price
E
None
Explanation: 

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.

There is 1 question to complete.