Chapter 2, Problem 2.9Q

To determine

Manufacturing Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Merchandising Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Service-Sector Companies:

Service companies act as a service provider, who do not buy or sell goods. They deal with intangible things. Therefore, the accounts used by the Service Company differ.

To explain: The difference between manufacturing, merchandising and service-sector companies.