ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Yes
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No
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Either A or B
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None of the above
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Detailed explanation-1: -Wholesaling is an essential aspect of a company’s marketing distribution strategy because it includes industrial customer-related preparation that needs to sell its goods to distributors, retailers, government agencies, colleges, hospitals, and other wholesalers.
Detailed explanation-2: -Wholesalers have the following characteristics: Wholesalers buy products from manufacturers or producers directly. They buy products in bulk and dispense them in smaller quantities. They provide various iterations of a particular range or product.
Detailed explanation-3: -Wholesaling is the act of buying goods in bulk from a manufacturer at a discounted price and selling to a retailer for a higher price, for them to repackage and in turn resell in smaller quantities at an even higher price to consumers.