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The middlemen who do not take any title to goods

  • Agent is a middleman who does not take any title to goods.
  • Agents are intermediaries who represent a company or manufacturer and help facilitate transactions between buyers and sellers.
  • They typically do not take ownership of the goods they are selling, and their role is to negotiate deals and make arrangements for payment and delivery.
  • Retailers are businesses that purchase goods from manufacturers or wholesalers and sell them directly to consumers.
  • They take title to the goods and are responsible for stocking, pricing, and selling products to end customers.
  • Wholesalers are intermediaries that purchase goods from manufacturers in large quantities and then sell them to retailers in smaller quantities.
  • Commission houses are intermediaries that sell goods on behalf of others and take a commission on the sales they make.