A wholesaler who possesses the title of goods he sells is known as?

Answer Details

A wholesaler who possesses the title of goods he sells is known as a merchant wholesaler. Merchant wholesalers are businesses that purchase goods in large quantities from manufacturers or other suppliers and sell them to retailers, other businesses, or institutional customers. One of the distinguishing characteristics of merchant wholesalers is that they take ownership, or title, of the goods they purchase from the manufacturer. This means that they are responsible for storing, transporting, and ultimately selling the goods to their customers. In contrast, agent wholesalers act as intermediaries between buyers and sellers, but do not take ownership of the goods they handle. Multiple wholesalers and general wholesalers are not commonly used terms in the industry, and do not carry a specific meaning in this context.