What is a merchandising business?
Understand the Problem
The question is asking about the definition and characteristics of a merchandising business, which typically involves buying and selling goods. It seeks to understand the fundamental concept of this type of business model.
Answer
A merchandising business buys and resells finished products to consumers.
A merchandising business is a company that buys finished products and resells them to end consumers, either online or in physical stores.
Answer for screen readers
A merchandising business is a company that buys finished products and resells them to end consumers, either online or in physical stores.
More Information
Merchandising businesses are distinct from manufacturing and service businesses as they primarily deal with the resale of goods rather than producing them or providing services.
Sources
- Merchandising Business - Definition & Examples - study.com
- Merchandising: How Companies Entice Customers To Spend - investopedia.com
- Merchandising Company | Definition, Types & Examples - Lesson - study.com
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