The Two Basic Types of Merchant Wholesalers Are

question 144

Multiple Choice

The two basic types of merchant wholesalers are:

• A) single-line and limited function.
• B) agents and merchants.
• C) service and general line.
• D) service and limited function.
• E) single-line and general line.

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Definitions:

Partnership

A form of business organization; specifically, an association of two or more persons to carry on a business as co-owners for profit.

Leases

Contracts in which one party, the lessor, grants another party, the lessee, the right to use an asset for a specified period in return for regular payments.

Property

Legally recognized rights to possess, use, and dispose of something tangible or intangible.

Partnership

A legal arrangement where two or more individuals share the ownership, profits, and liabilities of a business.