MANAGEMENT

Detailed explanation-1: -retail merchandising business. a merchandising business that sells to those who use or consume the goods. wholesale merchandising business. A business that buys and resells merchandise primarily to other merchandising businesses. Corporation.

Detailed explanation-2: -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.

Detailed explanation-3: -A merchandising firm is a business that purchases finished products and resells them to consumers. Consider your local grocery store or retail clothing store. Both of these are merchandising firms.

Detailed explanation-4: -When a retail merchandising business sells goods to a customer, the amount of the sold merchandise is credited to the Merchandise Inventory account. cash discounts are offered by a business to encourage charge customers to pay promptly.