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Which of the following refers to a group that purchases finished goods for the purpose of selling those finished goods for a profit, renting, or leasing to consumers and other businesses?

A) Reseller.
B) Distributor.
C) Wholesaler.
D) Retailer.

User Alfro
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1 Answer

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The correct answer is A) Reseller, which refers to a group that buys finished goods to sell them, rent, or lease for a profit, typically in the goods market, to consumers and other businesses.

The group that purchases finished goods for the purpose of selling those goods for a profit, renting, or leasing them to consumers and other businesses is known as a reseller. Resellers operate in the goods market, where they typically buy products from manufacturers, wholesalers, or distributors and then sell them to end users or other businesses. Resellers can include retail outlets, online businesses, and various other types of merchants who mark up the price of goods to earn a profit.

While the terms distributor, wholesaler, and retailer are related to resellers, each has a specific role. A distributor generally deals with manufacturers, directing goods to wholesalers or retailers. A wholesaler usually sells in bulk to retailers or other merchants, and a retailer sells directly to the final consumer. The question specified selling for profit, renting, or leasing, which aligns with the activities of a reseller.

So, the correct answer is A) Reseller, as they are the entities that purchase goods to sell them to end-users for a profit.

User Coma
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