The major characteristic that is used to differentiate intermediaries from one another is whether they:
a. create specialization of labor.
b. create economies of scale.
c. raise profit margins for independent middlemen.
d. take title to the products they sell.
ANSWER: d
The most prominent difference separating intermediaries is whether they take title to the products they sell. Taking title means they own the merchandise and control the terms of the saleâ€"for example, price and delivery date.
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