Question

Jackie has been working for a local small business called Personal Wellness for the last three years. It is a retail business that sells sporting goods equipment. When she started to work there, she noticed several things that were possibly the cause of the business not doing as well as it hoped. Jackie has been thinking of starting her own small business because she feels she has learned much through working for Personal Wellness.Jackie's manager asked her to create a business plan for Personal Wellness. The manager hoped that this plan would put things into perspective to help the company do better. After creating the plan, Jackie suggested that Personal Wellness contact a group of senior and graduate students to provide management counseling for the company. Jackie wants to make sure that her leaving does not become the cause of the company going under.Refer to Personal Wellness. Personal Wellness can be classified as operating in what type of industry?A. ManufacturingB. ProductionC. WholesalingD. ServiceE. Distribution

Answer 1

C.

Step-by-step explanation:

Wholesaling consist of the sale and all activities in selling goods or services to those who buy for resale or business use.

Characteristics of Wholesaling:

-Wholesalers generally buy merchandise direct from the producers in large quantity mainly in cash.

-They are trading concern having an army of agents and stocks the large quantity of goods, supply or sell goods to the directly or through their agents in small quantities.

-Wholesalers are financially good health. They purchased goods in cash from the manufacturer and sell to the retailers on credit.

-Wholesalers profit margins is very small so that they can maximizes their sales volume to earn maximum profit.

-They deals in limited product line or products.

-They maintain warehouse and godown at different places in the country to facilitate the trade at minimum transportation charges.

They sometimes make the grading of goods under their own name or brand name.