An organization can be manufacturing, servicing of merchandising type. For a merchandiser, the main business activities are the purchase, payment to the supplier, sales, and receipts from the customer. Hence the business activities are cyclical in nature. To Indicate: The difference between a manufacturing business and a merchandising business

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Chapter 1, Problem 5CDQ

To determine

Concept Introduction:

An organization can be manufacturing, servicing of merchandising type. For a merchandiser, the main business activities are the purchase, payment to the supplier, sales, and receipts from the customer. Hence the business activities are cyclical in nature.

To Indicate:

The difference between a manufacturing business and a merchandising business

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