Question: Which statement best describes the key difference between merchant wholesalers and agents and brokers? Multiple Choice Agents and brokers take title to merchandise, whereas merchant

Which statement best describes the key difference between merchant wholesalers and agents and brokers?

Multiple Choice

Agents and brokers take title to merchandise, whereas merchant wholesalers do not.

Agents and brokers make their profits based on the sales of merchandise they own, while merchant wholesalers make profits based on fees paid for their services.

Merchant wholesalers take title to merchandise, whereas agents and brokers do not.

Merchant wholesalers don

t perform all channel functions, whereas agents and brokers do

.

Agents and brokers only deal with consumer channels.

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