Merchant Wholesalers Can Be Divided into Two Basic Categories

question 87

Multiple Choice

Merchant wholesalers can be divided into two basic categories:

• A) general merchandise and general-line.
• B) rack jobbers and cash-and-carry.
• C) commission and fee-based.
• D) goods and services.
• E) full-service and limited-service.

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Definitions:

Conservatives

A political ideology emphasizing the value of traditional institutions and practices, limited government, and, often, a free-market economy.

Socialists

Individuals or groups advocating for a political and economic system where production, distribution, and exchange are owned or regulated by the community as a whole.

Federalists

A political group that supported the ratification of the Constitution and favored a strong national government.

Dred Scott

An African American man whose legal fight for freedom led to a Supreme Court ruling that escalated tensions leading to the American Civil War.