In the context of limited-service merchant wholesalers, which of the following statements is true of cash and carry wholesalers?

A. They simply organize and facilitate product shipments directly from the producer to their customers.
B. They require customers to make the trip to the wholesaler themselves and cart their own products back to their stores.
C. They do not take legal title of the merchandise they distribute, but they can physically process it.
D. They provide a complete array of services to the retailers or business users who typically purchase their goods.


Answer: B

Business

You might also like to view...

    A company that was to be liquidated had the following liabilities:   Income Taxes$10,000 Notes Payable secured by land 100,000 Accounts Payable 44,000 Salaries Payable ($16,000 for Employee #1 and $4,000 for Employee #2) 20,000 Administrative expenses for liquidation 20,000     The company had the following assets: Book ValueFair ValueCurrent Assets$100,00095,000Land 50,00075,000Building 150,000200,000?Total unsecured non-priority liabilities are calculated to be what amount?

A. $  44,000. B. $220,000. C. $  72,150. D. $  74,000. E. $  47,150.

Business

Environmental laws imposed by the government may at times create new business opportunities

Indicate whether the statement is true or false

Business

In his union position, Tom works with union members to deal with management and handle problems with their current labor agreement. Tom is most likely a ______.

A. business agent B. shop steward C. vice president D. senior union rep

Business

Follow the U.S. food service industry through its product life cycle since the early 1950s. When, if at all, did the forces of competition, customers, suppliers, substitute products, and entry barriers become strong forces?

What will be an ideal response?

Business