Which of the Following Statements Best Describes the Key Difference

question 197

Multiple Choice

Which of the following statements best describes the key difference between merchant wholesalers and agents and brokers?

• A)Merchant wholesalers don't perform all channel functions,whereas agents and brokers do.
• B)Agents and brokers only deal with consumer channels.
• C)Agents and brokers make their profits based on the sales of merchandise they own,while merchant wholesalers make profits based on fees paid for their services.
• D)Merchant wholesalers take title to merchandise,whereas agents and brokers do not.
• E)Agents and brokers take title to merchandise,whereas merchant wholesalers do not.

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Definitions:

Schema

A mental structure or idea that aids in categorizing and understanding information in the brain.

Preoperational Stage

A developmental phase, outlined by Jean Piaget, where children from about 2 to 7 years old engage in symbolic play and struggle with logic and taking the perspective of others.

Conservation

A cognitive ability recognized by Jean Piaget that allows a person to determine that a quantity will remain the same despite adjustment of the container, shape, or apparent size.

Object Permanence

The understanding that objects continue to exist even when they cannot be observed or heard.