Quick Tools, Inc., purchases hammers, bolts, and other hardware items from a variety of manufacturers and sells them to hardware stores at a price that includes a profit for Quick Tools, Inc. The company would be part of what type of business market?

Question

Zackery Rojas

Business

17 July, 09:38

Quick Tools, Inc., purchases hammers, bolts, and other hardware items from a variety of manufacturers and sells them to hardware stores at a price that includes a profit for Quick Tools, Inc. The company would be part of what type of business market?

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Answers (1)

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Madilynn · Answer 1

Reseller market

Explanation:

The type of market in which a buyer participates to make a profit by selling goods to them is called the re-seller market. This type of market also includes Retailers and wholesalers.

In the question presented, Quick Tools, Inc. wants to buy hammers, bolts, and other hardware items and resell it by adding his profit, so this is an example of the re-seller market.