Indicate Whether Each of the Following Statements Is True or False

Short Answer

Indicate whether each of the following statements is true or false.
_____ a)A merchandising company generates revenue primarily by selling goods to customers.
_____ b)The supply of goods accumulated to deliver when sales are made is called Supplies.
_____ c)Retail companies are firms that sell goods to other businesses.
_____ d)Product costs include all costs associated with the sale of products.
_____ e)WalMart is an example of a wholesale company.