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A merchant wholesaler is referred to as?

A merchant wholesaler is referred to as?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Del-credere agent
  • B A broker
  • C Rack jobber
  • D A factor
Correct Answer: Option
Explanation:
None of the options precisely defines a merchant wholesaler. A merchant wholesaler buys goods in bulk, takes ownership of them and resells them to retailers, other wholesalers or industrial users. A factor is an agent who sells goods on behalf of a principal and is therefore different from a merchant wholesaler.

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