A functional middleman who does not take title to products and who is compensated by commissions paid by producers is called a(n)
A) retailer.
B) wholesaler.
C) jobber.
D) agent.
E) limited-line wholesaler.

Question

Quizplus · Accepted Answer

A functional middleman who does not take title to products and who is compensated by commissions paid by producers is called an agent. Retailers are middlemen who take title to products and sell them directly to consumers. Wholesalers are middlemen who buy products from producers or manufacturers and sell them to retailers or other businesses. Jobbers are intermediaries who specialize in buying surplus merchandise from manufacturers and reselling it to retailers. Limited-line wholesalers are intermediaries who specialize in carrying a narrow range of products within a specific industry.

A Functional Middleman Who Does Not Take Title to Products