Question # 1

Middlemen means those person who

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Buy goods from the retailer

Buy goods from the wholesaler

Help in transferring goods from producer to consumer

But items from manufacturer

Creates link between the manufacturer and consumer:

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Retailers

Wholesalers

Agents

Middlemen

The persons who sell their purchased goods are called:

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Merchant middleman

Middlemanagents

Both (a) and (b)

Factor

Who does transfer the goods from manufacturer to consumer

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Retailer

Wholesaler

Middleman

None of these

The broker agent gets for his services

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Commission

Profit

Surplus commission

Brokerage

The real or actual proprietor or owner of goods is:

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Export agent

Warehouse keeper

Clearing agent

Broker

A person who sells goods of merchant to another person is called

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Retailer

Middleman

Agent

Wholesaler

Who does play an important role in the promotions of trade:

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Middleman

Wholesaler

Merchant middle

None of these

The agent who receives goods on the port instead of the owner

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Export agent

Warehouse keeper

Clearing agent

Broker

An agent means a person who

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Buys goods from manufacturer

Buys and sells goods

Renders services to other organizations

Produces goods himself

The agent appointed for the sale of goods

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Broker

Auctioneer

Factor

Underwriter

An agent who can receive the payment from buyer

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Clearing agent

Export agent

Factor

Underwriter

Main types of middleman are:

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Wholesaler and broker

Retailer and factor

Merchant middleman trader and middleman agent

Export and import trader

Middlemen means those persons who:

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Buy goods from the retailer

Buy goods from the wholesaler

Help in transferring goods from producer to consumer

Buy items from manufacturer

Who does transfer the goods from manufacturer to consumer:

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Retailer

Wholesaler

MIddleman

None of these

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Principle of Commerce Icom Part 1 English Medium Chapter 15 Online Test MCQs With Answers

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