Tag: characteristics of wholesale trade

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Multiple choice business organisation and correspondence middlemen 1 - wholesaler characteristics, necessity, services and survival of a wholesaler the characteristics of wholesalers wholesalers characteristics of wholesale trade kinds of mercantile agents or agent middlemen

An agent middleman is one who _______.

  1. takes title

  2. does not take title

  3. acts as a purchaser

  4. sells convenience goods
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

An agent middleman (like a broker or commission agent) facilitates transactions but does not take legal title to the goods they handle.

Multiple choice business organisation and correspondence middlemen 1 - wholesaler characteristics, necessity, services and survival of a wholesaler the characteristics of wholesalers wholesalers characteristics of wholesale trade kinds of mercantile agents or agent middlemen

What service of wholesalers helps the retailers in managing their business with relatively small amount of working capital?

  1. Marketing support

  2. Grant of Credit

  3. Availability of goods

  4. Specialised knowledge
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Wholesalers often provide credit to retailers, which allows retailers to stock goods without needing to pay upfront, thus managing with less working capital.