Asked by
Jason Funderburk
on Oct 24, 2024
Verified
Which of the following characteristics apply to merchandising organisations?
i. They purchase goods for sale.
ii. Outputs can be stored.
iii. They produce intangible outputs.
iv. Services are consumed as they are produced.
A) i and iii
B) ii and iii
C) i and ii
D) i and iv
Merchandising Organisations
Businesses that purchase finished goods for resale, making profits through buying and selling activities without manufacturing.
Intangible Outputs
Outputs or results of a process that cannot be physically touched or measured in traditional ways, often relating to services, experiences, or intellectual property.
- Understand the critical components of the value chain that apply to distinct entities such as merchandising firms and professional service providers.
Verified Answer
JS
Learning Objectives
- Understand the critical components of the value chain that apply to distinct entities such as merchandising firms and professional service providers.