Question

Determine if each of the following is an example of a manufacturing, service, or merchandising business.

1) Manufacturing
2) Service
3) Merchandising

Answer 1

Manufacturing, service, and merchandising are different types of businesses that involve the production of physical goods, provision of intangible services, and buying and selling of goods, respectively.

Step-by-step explanation:

1) Manufacturing - This type of business involves the production of physical goods, such as cars, clothing, or electronics. Examples include automobile factories, textile manufacturers, and electronics assembly plants.

2) Service - Service businesses provide intangible products or services. Examples include plumbing companies, journalism firms, or marketing agencies.

3) Merchandising - Merchandising businesses buy goods from manufacturers or wholesalers and then sell them to consumers. Examples include department stores, grocery stores, or online retailers.