Which of the following types of organizations purchases raw materials from suppliers and uses them to create a finished product?
A)Manufacturing firms
B)Merchandising companies
C)Service companies
D)Retailers

Question

Quizplus · Accepted Answer

Manufacturing firms purchase raw materials from suppliers and use them to create a finished product. Merchandising companies purchase finished products from suppliers to sell to customers. Service companies provide intangible services, such as consulting or cleaning, without producing a tangible product. Retailers purchase finished products from suppliers to sell directly to consumers.

Which of the Following Types of Organizations Purchases Raw Materials