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

Question

Quizplus · Accepted Answer

Brokers facilitate transactions between buyers and sellers without taking ownership of the goods. They earn commissions rather than salaries and do not represent sellers on an ongoing basis.

Which of the Following Statements About Merchandise Brokers Is True