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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Target is which of the following?

  1. a. Wholesaler
  2. b. Retailer
  3. c. Service firm
  4. d. Manufacturing firm
  5. e. None of these.

To determine

Identify the type of firm of company T.

Explanation

Retailer:

A retailer can be a company or an individual who sells the products to the consumers for final consumption. A retailer purchases the products from the wholesalers or distributors and sells the products to the consumers.

b.

Company T is the eighth-largest retailer which is an online shopping company. It also sells its products through its stores which are located at various locations. Company T mainly focuses on providing merchandise to customers. It sells manufactured goods to final consumers. Therefore, this option is correct.

a.

The wholesaler can be a company or an individual who sells the products in large quantity at a low cost...

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