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
Correct Answer:
Verified
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