Monfax Corporation insures manufacturers, distributors, and consumers against the loss or damage of goods during transportation after a purchase or sale. In this case, Monfax is an example of a ________.
A) wholesaler
B) retailer
C) financial intermediary
D) physical distribution firm
E) marketing service agency

Question

Quizplus · Accepted Answer

Monfax Corporation acts as a financial intermediary by providing insurance to manufacturers, distributors, and consumers against the loss or damage of goods during transportation after a purchase or sale. It does not act as a wholesaler, retailer, physical distribution firm, or marketing service agency.

Monfax Corporation Insures Manufacturers, Distributors, and Consumers Against the Loss