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Valcon Inc

Question 116

Multiple Choice

Valcon Inc., an automobile distributor, established an independent operation that offered the service of warehousing vehicles as well as delivering them but subcontracted the financing to another existing company. Valcon take legal ownership of the vehicles they distribute. In this scenario, Valcon Inc. is operating as a _____.


A) full­service merchant wholesaler
B) broker
C) agent
D) limited­service merchant wholesaler

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