Asked by Laisha Franco on Jun 07, 2024
Verified
An automobile dealer
A) Service business
B) Manufacturing business
C) Merchandising business
Merchandising Business
A company involved in the purchase and sale of goods, typically aiming to sell at a higher price than purchase cost.
Automobile Dealer
A business entity that sells new or used cars at the retail level, based on a dealership contract with an automaker.
- Identify the differences in operational activities among service, manufacturing, and merchandising enterprises.
Verified Answer
AK
Alyssa KirschJun 11, 2024
Final Answer :
C
Explanation :
An automobile dealer typically buys vehicles from manufacturers and sells them to the public, making it a merchandising business. They do not manufacture the vehicles nor primarily provide a service related to the creation or modification of a product.
Learning Objectives
- Identify the differences in operational activities among service, manufacturing, and merchandising enterprises.