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Home / Questions / Retailers sell their products to other wholesalers. 2) Merchandising companies include b

Retailers sell their products to other wholesalers. 2) Merchandising companies include b

 Retailers sell their products to other wholesalers.

2) Merchandising companies include both wholesalers and retailers.

3) All companies have the same types of inventories.

4) Merchandising and manufacturing companies have finished goods inventory.

5) Which of the following are merchandising companies?

A) Manufacturers

B) Retailers

C) Wholesalers

D) Both Retailers and Wholesalers

6) Raw materials, work in process and finished goods are the three types of inventory held by which of the following types of companies?

A) Manufacturers

B) Retailers

C) Wholesalers

D) Service companies

7) The balance sheet of a service company has:

A) little or no inventory.

B) raw materials inventory.

C) three categories of inventory.

D) two categories of inventory.

8) H & R Block, an income tax preparation service, is what type of company?

A) Manufacturer

B) Service company

C) Retailer

D) Wholesaler

9) Among other things, General Mills makes breakfast cereal. Which type of company is General Mills?

A) Manufacturer

B) Service company

C) Retailer

D) Wholesaler

10) Which type of company typically produces its own inventory?

A) Manufacturer

B) Service company

C) Retailer

D) Wholesaler

Dec 07 2019 View more View Less

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