Also called buy and sell business.Select one:a.Merchandisingb.Cost of Goods manufacturedc.Debit Memorandumd.Income StatementClear my choice

Break Down the Problem

1. Identify what "buy and sell business" refers to in a business context.
2. Evaluate each option to find the term that best fits the description.

Relevant Concepts

• A "buy and sell business" typically refers to a commercial operation that purchases goods to sell them at a profit, often involving inventory.

Analysis and Detail

1. Merchandising: This involves the buying and selling of goods. Merchandising businesses acquire products to resell them and earn a profit.
2. Cost of Goods Manufactured: This term refers to the total cost incurred to produce goods that are ready for sale, not directly related to a buy-and-sell operation.
3. Debit Memorandum: This is a document issued by a buyer to a seller detailing a transaction where the seller's account has been debited, not related to the concept of a buy-and-sell business.
4. Income Statement: This financial statement summarizes the revenues and expenses of a business over a certain period, thus not specifically describing a buy-and-sell model.

Verify and Summarize

After evaluating the options, the term that best encapsulates the idea of a buy and sell business is Merchandising since it deals explicitly with the buying and selling of goods for profit.

Final Answer

a. Merchandising