COST ACCOUNTING
INVENTORY AND PRODUCTION MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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it takes to produce and supply products
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that buys products from wholesalers or manufacturers and retailers which buys in large quantities and resells in smaller quantities
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Detailed explanation-1: -Detailed Solution. The correct answer is Wholesaler. They buy goods in large quantities from the manufacturers and sell them in smaller units to industrial units and/or retail traders.
Detailed explanation-2: -Retailers are in the business of buying goods from wholesalers, manufacturers, or other retailers and then selling them to consumers for a profit. In other words, retail is the direct selling of goods and services to the end customer.
Detailed explanation-3: -A retailer is a person or business that you purchase goods from. Retailers typically don’t manufacture their own items. They purchase goods from a manufacturer or a wholesaler and sell these goods to consumers in small quantities.
Detailed explanation-4: -When buyers buy a product and sell it to the final customers for their consumption, and not to any supplier or wholesaler, this is known as Retail. The retailers are the mediator between wholesaler and customers. They purchase goods from the wholesaler and sell them to the ultimate customers in small quantity.
Detailed explanation-5: -Retailers are business-to-consumer (B2C) companies. This means that the products offered by retailers are directly available for purchase by consumers. Wholesalers are business-to-business (B2B) organizations companies. This means that the wholesaler sells goods to another business rather than to a single consumer.