What does resale typically refer to?

Resale typically refers to the act of selling an item that has been previously purchased by an individual or business. This practice is common in various retail contexts, where items are bought with the intention of being sold again, often at a profit. The term is especially relevant in industries such as real estate and manufactured housing, where homes may be sold multiple times throughout their lifecycle. Understanding resale is crucial for those involved in the manufactured housing sector, as it impacts pricing, market dynamics, and consumer behavior.

In contrast, the other options describe different scenarios. New product sales refer to the initial sale of items directly from manufacturers or distributors to consumers. Purchasing for primary use involves acquiring items for personal, direct use rather than for resale. Borrowing items from others does not involve a transaction of sale at all, but rather a temporary exchange where ownership is not transferred. Recognizing the distinct meaning of resale is essential for comprehending market transactions in the context of manufactured housing.