Which of the Following Statements BEST DESCRIBES the Key Difference

question 269

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:

Interest

Interest is the charge for borrowing money typically expressed as an annual percentage rate, or the income earned from lending money.

Consumption

Families or individuals partaking in the use of goods and services.

Interest Rate

The percentage of a sum of money charged for its use, often expressed on an annual basis.

Income

The financial benefit achieved regularly through employment or committing capital.