The operating cycle of a merchandising business involves three steps: purchasing merchandise from a supplier, selling the merchandise to a consumer, and collecting payment.
Explanation:
Merchandising companies purchase goods that are ready for sale and then sell them to customers. Merchandising companies include auto dealerships, clothing stores, and supermarkets, all of which earn revenue by selling goods to customers.
The operating cycle of a merchandising business involves three steps: purchasing merchandise from a supplier, selling the merchandise to a consumer, and collecting payment. Depending on the nature of the business, the process and length of the operating cycle will vary.
Answers & Comments
Answer:
The operating cycle of a merchandising business involves three steps: purchasing merchandise from a supplier, selling the merchandise to a consumer, and collecting payment.
Explanation:
Merchandising companies purchase goods that are ready for sale and then sell them to customers. Merchandising companies include auto dealerships, clothing stores, and supermarkets, all of which earn revenue by selling goods to customers.
The operating cycle of a merchandising business involves three steps: purchasing merchandise from a supplier, selling the merchandise to a consumer, and collecting payment. Depending on the nature of the business, the process and length of the operating cycle will vary.