The Main Way ________ Differ from Agents Is That They

question 131

Multiple Choice

The main way ________ differ from agents is that they do not develop long-term relationships with the buyers or sellers they assist.

• A) brokers
• B) rack jobbers
• C) wholesalers
• D) sales discounters

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Definitions:

Public Bureaucracies

Organizations characterized by a hierarchical structure, formal rules, and a focus on fulfilling the administrative functions of the government or public sector.

Private Sector

The part of the economy that is run by private individuals and companies, rather than the government, and is driven by profit.

Public Sector

The part of the economy that is controlled by the government and includes government services and entities.

Profit And Loss

The financial statement that summarizes revenues, costs, and expenses to show the net profit or loss of a business over a specific time period.