Which of the following functions is not performed by retailers?
Answer Details
Insuring goods for customers is not a function typically performed by retailers.
Retailers are businesses that sell goods or services directly to consumers. They play an important role in the distribution channel, which involves getting products from manufacturers or wholesalers to the end consumer. Retailers perform a variety of functions, including breaking bulk (purchasing large quantities of goods and selling them in smaller quantities), ensuring regular stock for consumers, branding and packaging, and storing a variety of goods.
However, insuring goods for customers is not a typical function of retailers. While retailers may offer warranties or return policies, it is not their responsibility to insure goods against damage or loss during transit or use. This is typically the responsibility of the manufacturer, shipper, or a third-party insurer.