Service Companies: A company which make income or profit by providing service to its customer instead of selling goods. A example of service company is a chartered accountancy firms. Merchandising Company: Generally there are two types of merchandising company i.e. Retail and wholesale Companies. A retail company is a company which sold goods directly to customers and a wholesale company is company which sold goods to retail companies. Manufacturing Company: A company which uses parts or raw material to produce further finished goods and that finished goods sold to customers or other business units which uses them. To identify: Write Difference Between Service, Merchandising and Manufacturing Company?

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Answer 1

Question

Chapter 1, Problem 4Q

To determine

Concept introduction:

Service Companies: A company which make income or profit by providing service to its customer instead of selling goods. A example of service company is a chartered accountancy firms.

Merchandising Company: Generally there are two types of merchandising company i.e. Retail and wholesale Companies. A retail company is a company which sold goods directly to customers and a wholesale company is company which sold goods to retail companies.

Manufacturing Company: A company which uses parts or raw material to produce further finished goods and that finished goods sold to customers or other business units which uses them.

To identify:

Write Difference Between Service, Merchandising and Manufacturing Company?

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Answer 2

Question

Chapter 1, Problem 4Q

To determine

Concept introduction:

Service Companies: A company which make income or profit by providing service to its customer instead of selling goods. A example of service company is a chartered accountancy firms.

Merchandising Company: Generally there are two types of merchandising company i.e. Retail and wholesale Companies. A retail company is a company which sold goods directly to customers and a wholesale company is company which sold goods to retail companies.

Manufacturing Company: A company which uses parts or raw material to produce further finished goods and that finished goods sold to customers or other business units which uses them.

To identify:

Write Difference Between Service, Merchandising and Manufacturing Company?

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 3

Question

Chapter 1, Problem 4Q

To determine

Concept introduction:

Service Companies: A company which make income or profit by providing service to its customer instead of selling goods. A example of service company is a chartered accountancy firms.

Merchandising Company: Generally there are two types of merchandising company i.e. Retail and wholesale Companies. A retail company is a company which sold goods directly to customers and a wholesale company is company which sold goods to retail companies.

Manufacturing Company: A company which uses parts or raw material to produce further finished goods and that finished goods sold to customers or other business units which uses them.

To identify:

Write Difference Between Service, Merchandising and Manufacturing Company?

Expert Solution & Answer

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Answer 4

Question

Chapter 1, Problem 4Q

To determine

Concept introduction:

Service Companies: A company which make income or profit by providing service to its customer instead of selling goods. A example of service company is a chartered accountancy firms.

Merchandising Company: Generally there are two types of merchandising company i.e. Retail and wholesale Companies. A retail company is a company which sold goods directly to customers and a wholesale company is company which sold goods to retail companies.

Manufacturing Company: A company which uses parts or raw material to produce further finished goods and that finished goods sold to customers or other business units which uses them.

To identify:

Write Difference Between Service, Merchandising and Manufacturing Company?

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 1, Problem 4Q

To determine

Concept introduction:

Service Companies: A company which make income or profit by providing service to its customer instead of selling goods. A example of service company is a chartered accountancy firms.

Merchandising Company: Generally there are two types of merchandising company i.e. Retail and wholesale Companies. A retail company is a company which sold goods directly to customers and a wholesale company is company which sold goods to retail companies.

Manufacturing Company: A company which uses parts or raw material to produce further finished goods and that finished goods sold to customers or other business units which uses them.

To identify:

Write Difference Between Service, Merchandising and Manufacturing Company?

Answer 6

Chapter 1, Problem 4Q

To determine

Concept introduction:

Service Companies: A company which make income or profit by providing service to its customer instead of selling goods. A example of service company is a chartered accountancy firms.

Merchandising Company: Generally there are two types of merchandising company i.e. Retail and wholesale Companies. A retail company is a company which sold goods directly to customers and a wholesale company is company which sold goods to retail companies.

Manufacturing Company: A company which uses parts or raw material to produce further finished goods and that finished goods sold to customers or other business units which uses them.

To identify:

Write Difference Between Service, Merchandising and Manufacturing Company?

Answer 7

Chapter 1, Problem 4Q

To determine

Concept introduction:

Service Companies: A company which make income or profit by providing service to its customer instead of selling goods. A example of service company is a chartered accountancy firms.

Merchandising Company: Generally there are two types of merchandising company i.e. Retail and wholesale Companies. A retail company is a company which sold goods directly to customers and a wholesale company is company which sold goods to retail companies.

Manufacturing Company: A company which uses parts or raw material to produce further finished goods and that finished goods sold to customers or other business units which uses them.

To identify:

Write Difference Between Service, Merchandising and Manufacturing Company?

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 1 - What is the primary difference between financial...Ch. 1 - Prob. 2Q Ch. 1 - Why are traditional, GAAP-based financial...Ch. 1 - Prob. 4Q Ch. 1 - consider the area within a 3-mile radius of your...Ch. 1 - What are the three basic functions of management?Ch. 1 - How are the three basic management functions...Ch. 1 - What are ethics and why is ethical behavior...Ch. 1 - Prob. 9Q Ch. 1 - Prob. 10Q

Solution Summary: The author explains the difference between service, merchandising, and manufacturing companies.

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