Which statement concerning the scope of retailing is correct?
A)Retailing is limited to transactions involving tangible goods.
B)Purchases of goods made by retail organizations for further resale are part of retailing.
C)Retailing is limited to store-based transactions.
D)Wholesalers cannot conduct retail transactions.

Question

Quizplus · Accepted Answer

Retailing includes transactions involving both tangible and intangible goods as well as services. Additionally, purchases made by retail organizations for further resale are considered part of the retailing process. Retailing can occur through a variety of channels including store-based transactions, e-commerce, mobile commerce and vending machines. Wholesalers cannot conduct retail transactions as they typically sell to retailers rather than directly to consumers.

Which Statement Concerning the Scope of Retailing Is Correct