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Which of the following statements describes the key difference between merchant wholesalers and agents and brokers? Merchant wholesalers take title to merchandise and agents and brokers do not.Independent firms or individuals whose principal function is to bring buyers and sellers together to make sales are referred to as __________. brokersCash and carry wholesalers refer to wholesalers who take title to merchandise but sell only to buyers who call on them, pay cash for merchandise, and furnish their own transportation for merchandise.The wholesalers most prevalent in the hardware, drug, and clothing industries would be __________. full-line wholesalersA manufacturer's branch officecarries a producer's inventory and performs the functions of a full-service wholesaler.Intermediaries that work for several producers and carry noncompetitive, complementary merchandise in an exclusive territory are referred to as __________. manufacturer's agentsThe four major types of limited-service merchant wholesalers are drop shippers, rack jobbers, cash and carry wholesalers, and __________. truck jobbersAnother name for a drop shipper is a __________. desk jobberA limited-service wholesaler that furnishes shelves that display merchandise in stores, performs all channel functions, and sells on consignment to retailers is referred to as a __________. rack jobberWholesalers who take title to merchandise but sell only to buyers who call on them, pay cash for merchandise, and furnish their own transportation for merchandise are referred to as __________. cash and carry wholesalers
A wholesaler that carries a narrow range of products and performs all channel functions is referred toas a __________. specialty merchandise wholesalerWhich type of wholesaler carries a broad assortment of merchandise and performs all channel functions? general merchandise wholesalerSelling agents refer to agents who represent a single producer and are responsible for the entire marketing function of that producer.The four major types of limited-service merchant wholesalers are rack jobbers, cash and carry wholesalers, truck jobbers, and __________. drop shippersA manufacturer's sales office does not carry inventory, typically performs a sales function, and is an alternative to agents and brokers.The term truck jobbers refers to wholesalers who have a small warehouse from which they stock their trucks for distribution to retailers.Which type of wholesaler traditionally sells hosiery, toys, and health and beauty items? rack jobbersThe four major types of limited-service merchant wholesalers are cash and carry wholesalers, drop shippers, truck jobbers, and __________. rack jobbersIntermediaries that represent a single producer and are responsible for the entire marketing function of that producer are referred to as __________. selling agentsWholesalers who own the merchandise they sell but do not physically handle, stock, or deliver it are referred to as __________. drop shippersGeneral merchandise wholesalers carry a broad assortment of merchandise and perform all channel functions.