M&K Wholesalers,owned by Jonathan McCloud,sells rough lumber to furniture manufacturers.M&K Wholesalers take ownership,but not physical possession,of the goods they handle.The firm does not keep goods in stock,but instead transfers customer orders and shipment details to American Timber and Lumber Inc.,a producer and manufacturer of quality hardwood lumber.M&K Wholesalers can be classified as ________.

Question

Quizplus · Accepted Answer

A)Natural resources such as lumber, grain, and coal are usually marketed through a class of limited-service wholesalers called drop shippers, which take ownership, but not physical possession, of the goods they handle.
B)Natural resources such as lumber, grain, and coal are usually marketed through a class of limited-service wholesalers called drop shippers, which take ownership, but not physical possession, of the goods they handle.
C)Natural resources such as lumber, grain, and coal are usually marketed through a class of limited-service wholesalers called drop shippers, which take ownership, but not physical possession, of the goods they handle.
D)Natural resources such as lumber, grain, and coal are usually marketed through a class of limited-service wholesalers called drop shippers, which take ownership, but not physical possession, of the goods they handle.
E)Natural resources such as lumber, grain, and coal are usually marketed through a class of limited-service wholesalers called drop shippers, which take ownership, but not physical possession, of the goods they handle.

M&K Wholesalers,owned by Jonathan McCloud,sells Rough Lumber to Furniture Manufacturers