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Question 1 (2 points) The essential factor which distinguishes retailing from wholesaling, or a retail sale from a wholesale transaction is the quantity sold: is

Question 1 (2 points) The essential factor which distinguishes retailing from wholesaling, or a retail sale from a wholesale transaction is the quantity sold: is the products sold individually or in wholesale lots? retailing is done by retailers and wholesaling is done by wholesalers there are no differences, it is all marketing the price: is the item sold at a retail price or a wholesale price? the motive of the purchase: is the product bought for personal nonbusiness use, or is the product purchased for use in a business?
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The essential factor which distinguishes retailing from wholesaling, or a retail sale from a wholesale transaction is the quantity sold: is the products sold individually or in wholesale lots? retailing is done by retailers and wholesaling is done by whotesalers there are no differences, it is all marketing the price: is the item sold at a retail price or a wholesale price? the motive of the purchase: is the product bought for personal nonbusiness use, or is the product purchased for use in a business

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