What does a wholesaling company do?

Question

A.
Sell products to individual consumers
B.
Sell products to companies that plan to resell them
C.
Manufacture products and sell them to retail companies
D.
Transform land into capital

Answer 1

B. Sell products to companies that plan to resell them

Wholesaling companies typically buy goods in bulk from manufacturers and then sell those goods to retailers or other businesses that resell them to consumers.

Answer 2

A corn farm, a coal mine, and a fishing company are all part of the _________ industry.
A.
Manufacturing
B.
Service
C.
Extractive
D.
Retailing

Answer 3

C. Extractive

A corn farm, a coal mine, and a fishing company all involve the extraction of natural resources, which is characteristic of the extractive industry.

Answer 4

A company that is organized by function will group its employees into teams based on what?
A.
The type of work they do
B.
The product they make
C.
The location or branch they work at
D.
The type of customer they serve

Answer 5

A. The type of work they do

A company organized by function groups its employees into teams based on the specific functions or tasks they perform, such as marketing, finance, human resources, and operations.