Intermediaries that facilitate negotiations between buyers and sellers of goods and services but never take ownership of products traded are called retailers.

Question

Quizplus · Accepted Answer

Intermediaries that facilitate negotiations between buyers and sellers of goods and services but never take ownership of products traded are called brokers, not retailers. Retailers are intermediaries that purchase products from manufacturers or wholesalers and sell them directly to consumers.

Intermediaries That Facilitate Negotiations Between Buyers and Sellers of Goods