Quick Bytes
1. Name the following.
b. Buy in bulk and at a cheaper rate.
c. Person who singly owns a business.
a. They buy and sell products without affecting any change.
Please write the correct answer.
please don't post irrevelant answers.
Answers
Explanation:-
B)Bulk purchasing is the purchase of much larger quantities than the usual, for a unit price that is lower than the usual.
Wholesaling is selling goods in large quantities at a low unit price to retail merchants. The wholesaler will accept a slightly lower sales price for each unit, if the retailer will agree to purchase a much greater quantity of units, so the wholesaler can maximize profit. A wholesaler usually represents a factory where goods are produced. The factory owners can use economy of scale to increase profit as quantities sold soars.
C)Sole Proprietor: the person who owns and controls a sole proprietorship.
Or..
Independent Contractor: A person working independently, under a contract; a self-employed person.
A)Purchasing a product directly from the manufacturer means, you are eliminating the middle person i.e. retailer or wholesaler who buys products at a low price and adds extra margin while selling. Thus, you are avoiding those extra expenses by purchasing directly from the manufacturer.
Or...
Personal selling is also known as face-to-face selling in which one person who is the salesman tries to convince the customer in buying a product. It is a promotional method by which the salesperson uses his or her skills and abilities in an attempt to make a sale.
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Answer:
Explanation:)Bulk purchasing is the purchase of much larger quantities than the usual, for a unit price that is lower than the usual.
Wholesaling is selling goods in large quantities at a low unit price to retail merchants. The wholesaler will accept a slightly lower sales price for each unit, if the retailer will agree to purchase a much greater quantity of units, so the wholesaler can maximize profit. A wholesaler usually represents a factory where goods are produced. The factory owners can use economy of scale to increase profit as quantities sold soars.
C)Sole Proprietor: the person who owns and controls a sole proprietorship.
Or..
Independent Contractor: A person working independently, under a contract; a self-employed person.
A)Purchasing a product directly from the manufacturer means, you are eliminating the middle person i.e. retailer or wholesaler who buys products at a low price and adds extra margin while selling. Thus, you are avoiding those extra expenses by purchasing directly from the manufacturer.
Or...
Personal selling is also known as face-to-face selling in which one person who is the salesman tries to convince the customer in buying a product. It is a promotional method by which the salesperson uses his or her skills and abilities in an attempt to make a sale
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