Multiple Choice QuestionTarget and Kohl's are considered to be Blank______ because they buy products from manufacturers or other intermediaries and sell them to consumers for home and household use.Multiple choice question.producersretailersmanufacturerswholesalers
Question
Multiple Choice QuestionTarget and Kohl's are considered to be Blank______ because they buy products from manufacturers or other intermediaries and sell them to consumers for home and household use.Multiple choice question.producersretailersmanufacturerswholesalers
Solution
The correct answer is "retailers".
Step by Step Explanation:
-
Producers: These are the entities that create or produce the goods. In this case, Target and Kohl's do not produce the goods, they sell goods produced by others.
-
Retailers: These are entities that sell goods directly to consumers. Target and Kohl's fit into this category as they buy products from manufacturers or other intermediaries and sell them directly to consumers for home and household use.
-
Manufacturers: These are entities that convert raw materials into finished goods. Target and Kohl's do not manufacture the goods, they sell goods manufactured by others.
-
Wholesalers: These are entities that buy goods in bulk from manufacturers and sell them in smaller quantities to retailers. Target and Kohl's are not wholesalers as they do not sell to other businesses but directly to consumers.
Therefore, Target and Kohl's are considered to be retailers.
Similar Questions
Multiple Choice QuestionProducts created for household or family use and intended for daily living are called ______ products.Multiple choice question.consumergeneralsecondarybusiness
Multiple Choice QuestionRestaurants, boutiques, and hardware stores are examples of ______.Multiple choice question.retailerstech firmswholesalersmanufacturers
The product traits that cause a customer to choose a product over a competitor’s offering fall under the Blank______ category.Multiple choice question.order winnerorder loserorder qualifier
Multiple Choice QuestionThe group of activities that includes creating, distributing, pricing, and promoting a good or a service is referred to as ______.Multiple choice question.manufacturingprocessingsellingmarketing
Multiple Choice QuestionBecause a firm's entrepreneurs receive only the revenue left over after all other factors of production have been paid, they are considered Blank______.Multiple choice question.incentive functionsexecutivesstockholdersresidual claimants
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.