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.

---

Definitions:

Legal Action

A process by which a court of law is engaged to pursue a legal remedy, often involving litigation.

Differing Standards

Variations in rules, regulations, or norms across different areas, organizations, or systems.

Bailments

involve the temporary transfer of possession of personal property from one party to another, under a contract, for a specific purpose.

Rationale

The underlying reason or justification for something, such as a legal ruling, a business decision, or a philosophical stance.