ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Buy in large quantities of goods from manufacturers, store the goods, and resell them to other businesses
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Manufacturer
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Retailer
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Wholesaler
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Producer
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Explanation:
Detailed explanation-1: -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: -A merchandising firm is a business that purchases finished products and resells them to consumers.
Detailed explanation-3: -A wholesaler is a person or company who sells products in bulk to various outlets or retailers for onward sale, either directly or through a middleman. Wholesalers are able to sell their products for a lower price as they are selling in bulk, which reduces the handling time and costs involved.
There is 1 question to complete.