The major characteristic that is used to differentiate between types of intermediaries is whether they:

Question

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The major characteristic used to differentiate between types of intermediaries is whether they take title to the products they sell or not. Title refers to ownership rights and responsibilities over the product or service being offered. Intermediaries that take title, such as wholesalers and retailers, assume ownership and legal liability for the products they sell, which allows them to purchase in bulk from manufacturers or producers and sell to smaller buyers at a markup. In contrast, intermediaries that do not take title, such as agents or brokers, facilitate transactions between buyers and sellers but do not take ownership of the product or assume any legal liability.

The Major Characteristic That Is Used to Differentiate Between Types