Question 16
Wholesale TradeA merchant wholesaler is referred to as
- A.del-credere agent
- B.a broker
- C.rack jobber
- D.a factor.
Show the answer and explanation
Answer: C (rack jobber)
Explanation
Merchant wholesalers take title to (own) the goods they stock and resell. A rack jobber is a merchant wholesaler who buys goods and keeps them on racks in retail shops; brokers, factors and del credere agents only act for others.