Agents, brokers, and commission agents buy or sell products for commissions or fees but do not take ownership to the products they represent. These are important channels, particularly for service industries, where there is nothing to inventory and, therefore, nothing to own. By convention, agents in service industries are not considered part of the wholesale trade because no goods are involved. Wholesaling is historically related to tangibles.
Agents, brokers, and commission agents buy or sell products for commissions or fees but do not take ownership to the products they represent. These are important channels, particularly for service industries, where there is nothing to inventory and, therefore, nothing to own. By convention, agents in service industries are not considered part of the wholesale trade because no goods are involved. Wholesaling is historically related to tangibles.
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