Difference between manufacturing and merchandising business


Response to the following questions:

1. What is the objective of most businesses?

2. What is the difference between a manufacturing business and a merchandising business? Give an example of each type of business.

3. What is the difference between a manufacturing business and a service business? Is a restaurant a manufacturing business, a service business, or both?

If possible, please give examples to better understand your answers.

 

 

 

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Accounting Basics: Difference between manufacturing and merchandising business
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