The Two Basic Types of Merchant Wholesalers Are

question 21

Multiple Choice

The two basic types of merchant wholesalers are

• A) full-service wholesalers and limited-function wholesalers.
• B) functional wholesalers and distributive wholesalers.
• C) independent wholesalers and subsidiary wholesalers.
• D) capital wholesalers and full-value wholesalers.

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Definitions:

Limited Specialization

A situation in which individuals or entities focus on a restricted range of products or services to gain greater efficiency, but do not specialize to the extent that they produce only one good or service.

Primitive Societies

Early human communities characterized by simple social structures and technologies.

Feasible

Capable of being done or achieved; possible to do easily or conveniently.

Barter

Trading goods and services directly without involving money as an intermediary.