BUISENESS MANAGEMENT
MERCHANDISING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Represents another company to negotiate sales, purchases or both and does not take ownership of the goods
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Retailer
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Wholesaler
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Agent
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Manufacturer
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Explanation:
Detailed explanation-1: -Brokers: A broker is a person whose business is to make contracts with the other parties for the sale and purchase of goods or securities for brokerage. He does not have the possession of the goods and acts in the name of the principal.
Detailed explanation-2: -The five types of agents include: general agent, special agent, subagent, agency coupled with an interest, and servant (or employee).
Detailed explanation-3: -Agents represent insurance companies. Brokers represent consumers. Agents sell policies from insurance companies they represent. Brokers search for policies from different insurance companies.
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