Discuss the role of merchant wholesalers. When is a producer most likely to use them?
What will be an ideal response?
Merchant wholesalers are independently-owned businesses that take title to goods, assume risks associated with ownership, and generally buy and resell products to other wholesalers, business customers, or retailers. A producer is likely to rely on merchant wholesalers as selling directly to customers would be economically unfeasible. Merchant wholesalers are also useful for providing market coverage, making sales contacts, storing inventory, handling orders, collecting market information, and furnishing customer support. Some merchant wholesalers are even involved in packaging and developing private brands. Merchant wholesalers go by various names, including wholesaler, jobber, distributor, assembler, exporter, and importer. They fall into two broad categories: full service and limited service.
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Materials Corporation sold 12,000 units of its product at a price of $67 per unit. Total variable cost per unit is $54.94, consisting of $45.05 in variable production cost and $9.89 in variable selling and administrative cost. Compute the total contribution margin.
What will be an ideal response?
The U.S. Supreme Court consists of
a. four justices. b. five justices. c. eight justices. d. nine justices.
Discuss four economic issues that affect management.
What will be an ideal response?
Domain is a territory with shared concepts and rules
Indicate whether the statement is true or false