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What distinguishes a merchandising business from a service business?

Question:

What distinguishes a merchandising business from a service business?

Business Types:

The nature of a business can mean that it has special accounts that are used for that company's financial accounting. The chart of accounts for a manufacturer, for instance, includes three different types of inventory.

Answer and Explanation: 1

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A merchandising business is distinguished from a service business in the use of inventory accounts.

Merchandisers report sales revenues and the cost...

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Merchandising Business: Definition & Examples

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Chapter 1 / Lesson 6
110K

Understand what a merchandising business is. Learn the meaning of merchandise and the types of merchandising companies. See merchandising business examples.


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