Question

________ are the largest group of wholesalers and can be divided into two broad types of wholesalers: full-service and limited-service.

A) Brokers
B) Agents
C) Merchant wholesalers
D) Manufacturers' representatives

Answer 1

Merchant wholesalers are the largest group and they are classified as full-service and limited-service, differing mainly in the range of services they offer. On the other hand, limited-service wholesalers offer fewer services to their customers and operate on lower margins with greater efficiency in specific tasks.

Step-by-step explanation:

The largest group of wholesalers is C) Merchant wholesalers. These wholesalers can be categorized into two broad types: full-service and limited-service. Full-service wholesalers provide a range of services to their customers, including stocking inventory, order processing, delivery, credit, and marketing services. On the other hand, limited-service wholesalers offer fewer services to their customers and operate on lower margins with greater efficiency in specific tasks.