Moderate

A marketing channel member that helps match buyers and sellers but does not take ownership of the goods is usually called a:

Correct answer: C. Agent or broker

  • A. Merchant wholesaler
  • B. Retailer
  • C. Agent or broker
  • D. Manufacturer

Explanation

Agents and brokers facilitate transactions without normally taking legal ownership of the products. Merchant wholesalers and retailers generally buy and resell goods in their own names.

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Marketing covers how organisations identify customer needs, create value and exchange products or services through suitable markets. Key concepts include market segmentation, targeting, positioning, consumer behaviour, the marketing mix of product, price, place and promotion, branding, product life cycle and differences between marketing and selling.

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