A firm that reprocesses a good or service it buys before selling the product again to the next buyer is referred to as a(n)
A)industrial firm.
B)reseller firm.
C)government agency.
D)wholesaler.
E)retail firm.

Question

Quizplus · Accepted Answer

An industrial firm is involved in the production or reprocessing of goods or services. In this case, the firm is reprocessing the product it bought before selling it to the next buyer. This is different from a reseller firm, which simply buys and sells goods without any processing or value addition. A wholesaler is a type of reseller that buys goods in bulk from manufacturers and sells them to retailers or other businesses. Government agencies and retail firms are not necessarily involved in reprocessing goods or services.

A Firm That Reprocesses a Good or Service It Buys