Asked by Sophia Chiang on May 27, 2024
Verified
A merchandiser:
A) Earns net income by buying and selling merchandise.
B) Receives fees only in exchange for services.
C) Earns profit from commissions only.
D) Earns profit from fares only.
E) Buys products from consumers.
Merchandiser
A person or company involved in the business of purchasing goods and selling them at retail or wholesale.
Net Income
The income a company ultimately makes after all operational costs and taxes are deducted from revenue.
Buying and Selling Merchandise
The process of purchasing goods to resell at a higher price, typically found in retail or wholesale businesses.
- Detect and work out primary financial measures such as gross profit, cost of goods sold, and sales discounts.
Verified Answer
IL
Isabelle LewisMay 27, 2024
Final Answer :
A
Explanation :
A merchandiser earns net income by buying and selling merchandise. This means that they purchase goods at a certain price and then sell those goods at a higher price to make a profit. They do not receive fees for services like option B, earn profit from commissions only like option C, earn profit from fares only like option D, or buy products from consumers like option E.
Learning Objectives
- Detect and work out primary financial measures such as gross profit, cost of goods sold, and sales discounts.