Which of the following statements about liquidators is false?
A) Liquidators do more than $15 billion in sales annually and earn between 3 percent and 7 percent of the sales.
B) Liquidators have a talent for pricing merchandise and estimating the expense of everything from ad budgets and payrolls to utility bills.
C) They are often called retailing's undertakers or vultures.
D) Most liquidators pay through credit for the merchandise-a plus for the strapped retailer-and then take all the risks and gain the rewards.
E) They assume responsibility for a retailer's leases, payroll, and other costs and agree either to take a percentage of what they sell or agree in advance to purchase the existing inventory.

Question

Quizplus · Accepted Answer

Liquidators typically pay upfront for the merchandise they acquire from retailers, rather than purchasing on credit. This ensures immediate cash flow for the distressed retailer and transfers the risk to the liquidator.

Which of the Following Statements About Liquidators Is False