Question

Merchandising business is also known as________
or buy and sell business​

Answer 1

A merchandising business sells goods, also known as merchandise. Good examples of merchandising businesses include retail clothing, grocery stores and bookstores. Some businesses produce the goods they sell, while other merchandise businesses buy and sell goods they've purchased wholesale.

Answer 2

Merchandising business is also known as merchandise or buy and sell business.

Definition of merchandise;

Merchandise- represents any products or goods that involves selling.

Features of merchandise business;

• The company purchase goods and sell them in the market or to the customers.
• These goods are bought, transported and converted into finished goods for selling.
• They are two types of merchandise business;

1. Retail business- these products are sold in small quantities
2. Wholesale business- these products are sold in bulk.

• Merchandise business depends on the type of company. Now companies are doing digital business or online business to gain more profit.

Therefore, merchandise business involves the purchasing and selling of goods into the markets or customers.