A merchant wholesaler is referred to as?
del-credere agent
a broker
rack jobber
a factor
Correct answer is D
merchant wholesaler is an entity that purchases products, takes title of them, and then sells them (generally to retailers, other wholesalers, and industrial consumers) Merchant wholesaler is the intermediary between the producer and the retailer.
A Factor. People who are employed by others to sell or purchase goods, who are entrusted with possession of the goods, and who are compensated by either a commission or a fixed salary. A factoris a type of agent who sells goods owned by another, called a principal.