How do merchandising businesses typically make a profit? a. By transforming raw materials into finished goods. b. By providing consultancy and expertise. c. By selling products at a higher retail price than the purchase cost. d. By offering intangible services.
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Merchandising Business
This type of business buys products at wholesale price and sells the same at retail price. They are known as "buy and sell" businesses. They make a profit by selling the products at prices higher than their purchase costs. A merchandising business sells a product without changing its form.
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