Phoenix Farm, a firm that sells farm products, gathers all fresh food ingredients at one place for its customers. The customers can buy eggs, milk, meat, vegetables, and so on without spending a great amount of time and energy. Phoenix Farm is a _____.

Question

Quizplus · Accepted Answer

Phoenix Farm is a retailer because it sells farm products directly to the final consumers at a single location. Merchant wholesalers purchase goods from manufacturers and sell them to retailers, agents work on behalf of the seller but do not take ownership of the products, and brokers facilitate transactions between buyers and sellers without taking ownership of the products.

Phoenix Farm, a Firm That Sells Farm Products, Gathers All