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What type of entrepreneurial business sells products to people other than the final customer?



A. Manufacturing
B. Wholesaling
C. Retailing
D. Service

This question is part of Entrepreneurship
Asked by Wyatt Williams, Last updated: Feb 14, 2020

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2 Answers

Malcolm Carneal

Get immense pleasure in traveling and writing about visiting places.

Malcolm Carneal, Corporate employee, MCA, Hawick

Answered Jan 03, 2019

This is a wholesaling business, or answer B. To buy at a wholesale price means to buy it directly from the factory at cost or with minimal markup. This is often what happens between manufacturers and other companies - such as Bath and Body Works or Bed, Bath, and Beyond.

They buy from a manufacturer for a low cost and then mark the price up some to make a profit when they sell it in stores. It kind of makes you wonder what their buying the products at to make the price they sell it at worth it to them.

It also makes me wonder why in the world Apple charges so much for their phones when they’ve changed so slightly since the iPhone 7… but that’s my opinion.

 

Wyatt Williams

Wyatt Williams

Answered Sep 15, 2017

Wholesaling
 

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