Merchant

Merchants function as professionals who deal with trade, dealing in commodities that they do not produce themselves, in order to produce profit.

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Merchants can be categorised into two types:

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• A wholesale merchant operates in the chain between producer and retail merchant. Some wholesale merchants only organise the movement of goods rather than move the goods themselves.
• A retail merchant sells commodities to consumers (including businesses), commonly known as retailers. A shopowner is a retail merchant.

A merchant class characterises many pre-modern societies. Its status can range from high (even achieving titles like that of merchant prince or nabob) to low, such as in Chinese culture, due to the soiling capabilities of profiting from "mere" trade, rather than "actual labour".

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Under the common law and the Uniform Commercial Code in the United States, merchants are held to a higher standard in the selling of products than those who are not engaged in the sale of goods as a profession. For example, when a merchant sells something, he or she is deemed to give an implied warranty of merchantability, guaranteeing that the product is fit to be sold, even if there is nothing in writing to this effect.

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Merchant: See also: ►



 

Trade: Trade is the voluntary exchange of goods, services, or both. Trade is also called commerce. A mechanism that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and services. Modern traders instead generally negotiate through a medium of exchange, ...

Profit: :For the television series see Profit (TV series)...

Class: Class may refer to:...




Merchant related Images and Photos (experimental)

Merchant c.2001	Merchant Of Venice	Merchant of Venice	Enroll: American Merchant Marine c.1941
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The Merchant of Venice Portia	Merchant Ship is Attacked by Pirates	Rocky Larry Merchant Action Figure	Natalie Merchant - Leave Your Sleep CD