A(n)_____ Is a Middleman Business Which Sells to Consumers or End-Users

question 25

Multiple Choice

A(n) _____ is a middleman business which sells to consumers or end-users of a product,typically in single or small quantities.

• A) manufacturer
• B) agent
• C) wholesaler
• D) retailer

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Definitions:

Agent

A person or entity authorized to act on behalf of another (the principal), in dealings with third parties.

Corporation

A legal entity recognized by law as separate from its owners, with its rights and liabilities, capable of conducting business, entering contracts, and owning assets.

Indorsers

Individuals or entities that sign a document (often a negotiable instrument like a cheque) on the back to signify their agreement to transfer title or to guarantee its terms.

Contractually Liable

A state of being legally obligated by the terms of a contract to perform certain duties or compensate for failure to do so.