Regarding types of wholesalers, which of the following has the HIGHEST operating expenses as a percent of sales?

Question

Quizplus · Accepted Answer

Merchant wholesalers generally have the highest operating expenses as a percent of sales because they hold inventory, provide additional services such as marketing and customer service, and operate in a highly competitive market. Manufacturers' sales branches (with stock) and manufacturers' agents have lower operating expenses as they do not hold inventory and have lower marketing and customer service costs. Brokers and agent wholesalers also have lower operating expenses as they do not hold inventory and specialize in facilitating transactions rather than providing additional services.

Regarding Types of Wholesalers, Which of the Following Has the HIGHEST