A retailer is a middleman who
A) transfers products from the manufacturer to the consumer without taking ownership of the goods.
B) transfers products from the manufacturer to the consumer and takes ownership of the goods.
C) sells products to wholesalers, who then sell the goods to consumers.
D) works on consignment.
E) does not interact directly with the consumer.

Question

Quizplus · Accepted Answer

A retailer transfers products from the manufacturer to the consumer and takes ownership of the goods, making them responsible for selling the products and managing inventory. They typically buy products in bulk from manufacturers at wholesale prices and sell them to consumers at a higher retail price, earning a profit in the process.

A Retailer Is a Middleman Who