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Encyclopedia > Merchant
"A merchant making up the account" by Shiatsus Hokusai
"A merchant making up the account" by Shiatsus Hokusai

Merchants function as professionals who deal with trade, dealing in commodities that they do not produce themselves, in order to produce profit. This article is about economic exchange. ... This article or section does not cite any references or sources. ...


Merchants can be of two types:

  1. A wholesale merchant operates in the chain between producer and retail merchant. Some wholesale merchants only organize the movement of goods rather than move the goods themselves.
  2. A retail merchant or retailer, sells commodities to consumers (including businesses). A shop owner is a retail merchant.

A merchant class characterizes 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 from the labor of others reflected in agricultural produce, craftsmanship, and tribute. Wholesaling consists of the sale of goods/merchandise to retailers, to industrial, commercial, institutional, or other professional business users or to other wholesalers and related subordinated services. ... Drawing of a self-service store. ... A drawing of a self-service store Retailing consists of the sale of goods/merchandise for personal or household consumption either from a fixed location such as a department store or kiosk, or away from a fixed location and related subordinated services (Definition of the WTO (last page). ... A social class is, at its most basic, a group of people that have similar status. ... Pre-industrial society refers to specific social attributes and forms of political and cultural organization that were prevalent before the advent of the Industrial Revolution and the rise of Capitalism. ... Nawab (Urdu: نواب ) was originally the subadar (provincial governor) or viceroy of a subah (province) or region of the Mughal empire. ... Chinese culture has roots going back over five thousand years. ... This article is about economic exchange. ...


In the US, "merchant" is defined (under the Uniform Commercial Code) as any person while engaged in a business or profession or a seller who deals regularly in the type of goods sold. 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. The UCC also contains a "merchant's confirmation" exception to the Statute of Frauds. United States may refer to: Places: United States of America SS United States, the fastest ocean liner ever built. ... The Uniform Commercial Code (UCC or the Code) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in 49 states (all except Louisiana) within the United States of America. ... This article concerns the common-law legal system, as contrasted with the civil law legal system; for other meanings of the term, within the field of law, see common law (disambiguation). ... The Uniform Commercial Code (UCC or the Code) is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in 49 states (all except Louisiana) within the United States of America. ... An implied warranty is a common law term used in United States contract law to describe certain assurances that are presumed to be made with the sale of goods or realty because of the circumstances of the sale. ... The statute of frauds refers to the requirement that certain kinds of contracts be made in writing and signed. ...


References

  • The Merchant Class of Medieval London By Sylvia L. Thrupp [[1]]

See also

Look up merchant in Wiktionary, the free dictionary.

merchants are 6th on the Anicent Egypt Social Pyramid (from top to bottom) Wikipedia does not have an article with this exact name. ... Wiktionary (a portmanteau of wiki and dictionary) is a multilingual, Web-based project to create a free content dictionary, available in over 151 languages. ... Sales are the activities involved in providing products or services in return for money or other compensation. ... This article does not cite any references or sources. ... Wikibooks [[wikibooks:|]] has more about this subject: Marketing Distribution is one of the 4 aspects of marketing. ... A painting of a French seaport from 1638, at the height of mercantilism. ... For other uses, see Capitalism (disambiguation). ... It has been suggested that this article or section be merged with Merchant Navy. ... A merchant account is a specialized bank account that allows a business to accept credit cards (primarily Visa and Mastercard), debit cards, gift cards and other forms of payment cards. ...


  Results from FactBites:
 
Merchant Account $0.00, Free Credit Card Processing Terminals. (645 words)
Merchant Account $0.00, Free Credit Card Processing Terminals.
A Merchant Account for Immediate Credit Card Transaction Processing.
After you have completed the online application, you will be instantly notified by email regarding the status of your merchant account.
Merchant - Wikipedia, the free encyclopedia (229 words)
Merchants function as professionals who deal with trade, dealing in commodities that they do not produce themselves, in order to produce profit.
A wholesale merchant operates in the chain between producer and retail merchant.
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.
  More results at FactBites »

 
 

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