Which of the following statements about retailers and retailing activities is true?
A) Wholesalers cannot generate revenue through retailing.
B) Retailers generate most of their revenue through selling to institutions.
C) Retailers sell products to consumers for nonbusiness use.
D) About half of all U.S. workers are employed by retailers.
E) Retailers sell only to businesses.

Question

Quizplus · Accepted Answer

Retailers sell products directly to consumers for their personal use, rather than for business or institutional use. This is the primary difference between retailing and wholesaling. Additionally, retailing accounts for a significant portion of employment in the United States, with approximately 29 million people working in retail as of 2019, according to the Bureau of Labor Statistics.

Which of the Following Statements About Retailers and Retailing Activities