Identify the Merchant Establishment Operated by a Concern Primarily Engaged

question 57

Multiple Choice

Identify the merchant establishment operated by a concern primarily engaged in buying, taking title to, usually storing and physically handling goods in large quantities, and reselling the goods to retailers or to organizational buyers.

• A) Broker
• B) Wholesaler
• C) Middleman
• D) Facilitating agent

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Definitions:

Credit Period

The duration during which a customer can defer payment for goods or services without incurring additional charges.

Net Payment

The total amount paid or to be paid after deductions like taxes or discounts have been applied.

Due

Typically refers to the expected time of payment or the deadline for financial obligations.