Service Business and Merchandising Business a. Contrast a service business and a

Chapter 14, Problem 1

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QUESTION:

Service Business and Merchandising Business

a. Contrast a service business and a merchandising business.

b. What are the two types of merchandising businesses?

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QUESTION:

Service Business and Merchandising Business

a. Contrast a service business and a merchandising business.

b. What are the two types of merchandising businesses?

ANSWER:

Step 1 of 3

A service business is the sale of expertise to the consumer. Expertise ranges from education to entertainment and other facilities. Merchandising business is the sale of goods to consumer. Goods range from essential to non-essential things.

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