Author Question: Our of 20 major economic sectors in North American Industry Classification System (NAICS), most ... (Read 68 times)

Hungry! · **on:** Sep 11, 2018

Our of 20 major economic sectors in North American Industry Classification System (NAICS), most businesses in the textile and apparel industry belong to one of the three following sectors:

a. Wholesalers
b. Retailers
c. Manufacturers
d. Only A and B
e. All of the above

Question 2

What is the major difference between wholesalers and retailers according to the business classification by NAICS?

a. Wholesalers sell their products to other businesses, while retailers do to ultimate consumers.
b. Retailers sell their products to other businesses, while wholesalers do to ultimate consumers.
c. Wholesalers could manufacture their goods themselves.
d. Retailers could manufacture their goods themselves.