Which of the following statements about merchandise brokers is true?
A) Brokers are paid salaries by the manufacturers for whom they work.
B) Brokers never take title to the merchandise they sell.
C) Brokers work for manufacturer-owned intermediaries.
D) Brokers typically represent sellers on an ongoing basis.
E) Brokers work in industries with only a few, very large buyers and sellers.

Question

Quizplus · Accepted Answer

Merchandise brokers work as intermediaries between manufacturers and retailers or wholesalers. They do not take title to the merchandise they sell, but instead earn a commission on the sale. They may represent sellers on an ongoing basis or work on a project basis. They may work in industries with many buyers and sellers or with only a few very large buyers and sellers. They are not typically paid salaries by the manufacturers for whom they work and may or may not work for manufacturer-owned intermediaries.

Which of the Following Statements About Merchandise Brokers Is True