The Type of Merchandiser Who Purchases Goods from the Producer

question 41

Multiple Choice

The type of merchandiser who purchases goods from the producer and sells to stores who sell to the consumer is a:

• A)Manufacturer.
• B)Retailer.
• C)Wholesaler.
• D)Service business.

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Definitions:

Ownership

The legal right or interest that an individual or entity has in an asset or property.

Corporate Form of Organization

A legal structure for a business recognized as a separate legal entity from its owners, providing limited liability protection, and able to raise capital through issuing shares.

Limited Liability

A legal structure that limits the amount of financial risk and liability to the amount a person has invested in a company.