The set of activities involved in selling goods and services to those buying for resale or business use is termed:

Question

Quizplus · Accepted Answer

The set of activities involved in selling goods and services to those buying for resale or business use is known as wholesaling. This includes activities such as procurement, inventory management, logistics, and marketing directed at the B2B customer. Retailing, on the other hand, is the set of activities involved in selling goods and services to end consumers. Exchange refers to a transaction in which two parties give something of value to each other. Procurement is the process of acquiring goods and services for an organization. Brokering is the process of facilitating transactions between two parties but not actually taking ownership of the goods or services being exchanged.

The Set of Activities Involved in Selling Goods and Services