Patty's Party Place ordered five cases of Valentine's Day balloons from a Chinese manufacturer.Patty's purchased the balloons at a cost of ten cents per balloon and will sell them at a cost of $.50/each.Which term best describes the transaction between Patty's and the Chinese manufacturer?
A) direct sale
B) retail sale
C) niche sale
D) consumer sale
E) wholesale sale

Question

Quizplus · Accepted Answer

This transaction is a wholesale sale because Patty's Party Place purchased the balloons in bulk directly from the Chinese manufacturer at a discounted price and plans to resell them at a higher price to end consumers.

Patty's Party Place Ordered Five Cases of Valentine's Day Balloons