Under a wholesale model, RETAILERS (not the wholesalers) sell goods for Blank______.Multiple choice question.less than the suppliers sell them forany price they wantless than they could be purchased elsewherea steep discount
Question
Under a wholesale model, RETAILERS (not the wholesalers) sell goods for Blank______.Multiple choice question.less than the suppliers sell them forany price they wantless than they could be purchased elsewherea steep discount
Solution
The correct answer is "any price they want". Under a wholesale model, retailers buy goods in bulk from wholesalers at a lower price. They then have the freedom to set their own prices when selling these goods to consumers. They can choose to sell them for any price they want, as long as it is above the price they purchased them for in order to make a profit.
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