Question 15
Wholesale TradeThe function of a merchant wholesaler is to
- A.buy in bulk, store and sell to retailers as desired
- B.possess title to the goods, store and sell to retailers
- C.bring buyers and sellers together
- D.find markets for producers' finished goods.
Show the answer and explanation
Answer: A (buy in bulk, store and sell to retailers as desired)
Explanation
A merchant wholesaler buys in large quantities on his own account, stores the goods and sells to retailers.