A distributor refers to
A. an intermediary who sells only to other intermediaries.
B. an intermediary who takes possession of a product, alters it in some way, and then sells it to the ultimate consumer.
C. an intermediary who sells only to manufacturers.
D. an imprecise term for intermediaries who perform a variety of distribution functions, including selling, maintaining inventories, extending credit, and so on.
E. an intermediary who sells only to consumers.
Answer: D
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