Regarding Wholesalers, Which of the Following Descriptions Is TRUE

question 367

Multiple Choice

Regarding wholesalers, which of the following descriptions is TRUE?

• A) MANUFACTURERS' AGENT: does not own the products, usually carries stocks, represents several competing manufacturers within a geographic area.
• B) MERCHANT WHOLESALER: does not take title to products, takes possession, provides full service, and usually handles a broad variety of products.
• C) BROKER: does not own the products, does not take possession, major function is selling, and does not anticipate customer needs.
• D) SELLING AGENT: does not own the products, does the whole marketing job nationally, and may handle competing lines.
• E) All of these descriptions of different wholesalers are TRUE.

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Definitions:

Military Spending

Financial outlay by a government for the maintenance and operation of armed forces, including expenses for salaries, equipment, and facilities.

GDP

The aggregate value, in monetary or market terms, of all end-use goods and services produced domestically within a specific period is what constitutes the Gross Domestic Product.

Inflation

The speed at which the overall price level of goods and services increases, thereby diminishing the buying power.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate reflection of an economy's size and how it's grown over time.