Question

Hamilton Wholesaling, an electronics wholesaling firm, provides many services to customers including buying, storing, and transporting expensive and delicate electronics equipment. Hamilton takes title of ownership to all goods that the firm handles. Hamilton is most likely a(n) ________.

manufacturer's agent

merchant wholesaler

wholesaling broker

agent wholesaler

manufacturer's representative

Answer 1

The answer is "Merchant Wholesaler".

Step-by-step explanation:

The key point of deciding this is that in the question, it is said that "Hamilton takes title of Ownership to all goods." Now when Hamilton take the title of ownership, they simply are responsible for the goods and should any damage occur to the goods, Hamilton will have to bear it.

However, agents don't work like that. They have the right to sell yet don't have the ownership of the products.

Moreover, Agents receive a commission for selling the products while the Merchant Wholesaler buy the product before making any profit. they sell the product at a slightly higher price, which is the profit they receive.