Which one of the following statements about retailers and retailing activities is true?
A) Retailers create form utility.
B) Most retailers are multi-million dollar operations.
C) Retailers are members of channels of distribution.
D) About half of all U.S. workers are employed by retailers.
E) Retailers sell only to businesses.

Question

Quizplus · Accepted Answer

Retailers are part of the distribution channels that bring products and services to consumers. They typically purchase goods from manufacturers or wholesalers and then resell them to consumers at a markup. Retailers create time and place utility by making products available when and where consumers want them. While some retailers are very large operations, many are small businesses. According to the Bureau of Labor Statistics, retail trade employed 15.8 million people in the United States in December 2019, which was about 10.6% of total employment. Retailers may sell to both businesses and individuals.

Which One of the Following Statements About Retailers and Retailing