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Not yet answered Points out of 1.00 ₹ Flag question What type of business produces a tangible product? Select one: a. wholesale ob. manufacturing o. service od. retail
Ask by Daniel Erickson. in the United States
Feb 03,2025
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Answer
Manufacturing produces tangible products.
Solution
To determine what type of business produces a tangible product, let's analyze the options provided:
a. **Wholesale**: This type of business buys goods in bulk from manufacturers and sells them to retailers or other businesses. While wholesalers deal with tangible products, they do not produce them.
b. **Manufacturing**: This type of business is directly involved in the production of tangible products. Manufacturers create goods from raw materials, making this the correct answer.
c. **Service**: Service businesses provide intangible products, such as services or experiences, rather than tangible goods.
d. **Retail**: Retail businesses sell tangible products directly to consumers, but they do not produce them; they purchase them from manufacturers or wholesalers.
Based on this analysis, the correct answer is:
**b. manufacturing**
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Simplify this solution Beyond the Answer
Manufacturing businesses are the ones that produce tangible products, transforming raw materials into finished goods that you can touch and feel. This can include everything from cars and electronics to clothing and furniture. So, if you're envisioning factories and assembly lines, you're right on track! In the retail sector, businesses sell those tangible products directly to consumers. Retailers act as the bridge between manufacturers and customers, showcasing the tangible goods and making them available for purchase, whether in physical stores or online. So, without manufacturing, there wouldn’t be anything for retail to sell!
