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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Who is a broker? - Commerce

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Question

Who is a broker?

Short Note

Solution

A Broker is one who bargains for another and receives a commission for his service. He is paid ‘brokerage’ for his services. He brings the buyer and the seller to the negotiating process and arranges for finalizing contracts between them.

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Kinds of Mercantile Agents or Agent Middlemen
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Chapter 23: Channels of Distribution - Exercises [Page 238]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 23 Channels of Distribution
Exercises | Q II. 4. | Page 238
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