What is a difference between merchandising companies and service enterprises quizlet?

Q: What is the primary difference between a merchandiser compared to a service provider quizlet?

Terms in this set (34) Whats the difference between a merchandising business and a service business? Merchandising businesses purchase products from other businesses to sell them to customers. A service business provides services to customers rather than products.

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What is the difference between merchandising companies and service enterprises?
What is the major difference between service and merchandising companies in terms of accounting?
What is the primary difference between a merchandiser compared to a service provider quizlet?
Which is better service or merchandising business?

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What is the difference between merchandising companies and service enterprises?

A merchandising company engages in the purchase and resale of tangible goods. Service companies primarily sell services rather than tangible goods. Income statements for each type of firm vary in several ways, such as the types of gains and losses experienced, cost of goods sold, and net revenue.

What is the major difference between service and merchandising companies in terms of accounting?

The primary difference between a merchandising and a service-based business is the presence of inventory. Merchandising businesses sell goods to customer, whereas service-based businesses do not. The companies' financial statements, including the income statements, must reflect this difference.

What is the primary difference between a merchandiser compared to a service provider quizlet?

Terms in this set (34) What's the difference between a merchandising business and a service business? Merchandising businesses purchase products from other businesses to sell them to customers. A service business provides services to customers rather than products.

Which is better service or merchandising business?

If your business in mainly service-based, then a service business setup is the best approach. If you plan to sell products that you either make yourself or purchase and sell to customers, then you'll want to set up a merchandising business.