1. The purpose of a retailer is to

Group of answer choices

take raw materials from nature or grow products.

buy from a manufacturer and sell to other businesses.

change raw materials into usable products.

sell directly to consumers.

2. The term consideration refers to

Group of answer choices

the protection of a symbol used as an identifying mark by a business.

the legally binding decision of an arbitrator.

the mutually agreed-upon settlement resulting from mediation.

something of value received or promised in a contract.

3.The term consideration used in regards to a contract means

Group of answer choices

something of value must be given by both parties.

none of the above

both parties agree to be considerate of each others' needs.

one party offers valid terms and the other party accepts them.