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In the circular-flow diagram,which of the following items represents a payment for a factor of production?
Consignment
A sales arrangement where goods are left with a third party to sell, but ownership remains with the supplier until sold.
Merchant Wholesalers
Businesses that buy goods in large quantities from producers to resell to retailers or other businesses, but not to end consumers.
Independently Owned
Refers to businesses or properties that are owned and operated by individuals or entities, not part of larger corporate groups or franchises.
Full-Line Wholesalers
Businesses that provide a complete range of goods within a specific sector.
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