Wholesalers That Own the Merchandise They Sell but Do Not

question 88

Multiple Choice

Wholesalers that own the merchandise they sell but do not physically handle,stock,or deliver it are referred to as

• A)cash and carry wholesalers.
• B)rack jobbers.
• C)truck jobbers.
• D)manufacturer's representatives.
• E)drop shippers.

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Definitions:

Price Level

A measure of the average prices of goods and services in an economy at a given time.

Multiplier

The factor by which changes in spending will affect the aggregate income level of an economy; often used in the context of the Keynesian economic multiplier effect.

Crowding-Out

A concept where increased government spending leads to reduced investment in the private sector, often due to higher interest rates.

Investment-Accelerator Effects

The phenomenon where an increase in national income or output leads to a disproportionately larger increase in investment expenditure.