Meaning of type of operation code

{
  "id": "MLC-T-ECS-001159",
  "term": "Meaning of type of operation code",
  "field": "Economic statistics",
  "definition": "In addition to being classified by kind of business, merchant wholesale establishments are also classified by type of operation according to the ownership of the business and character of the transactions. Merchant wholesale establishments are grouped into two major types of operation and related subgroups:\n\nMerchant wholesalers, except manufacturers' sales branches and offices\n\nEstablishments primarily engaged in buying and selling merchandise on their own account. Included here are such types of establishments as wholesale distributors and jobbers, importers, exporters, own-brand importers/marketers, terminal and country grain elevators, and farm products assemblers. For a detailed description of each of these types of establishments, see the Wholesale Trade data.\n\nManufacturers' sales branches and offices\n\nEstablishments primarily maintained by manufacturing, refining, and mining companies apart from their plants or mines for marketing their products at wholesale. Sales branches and offices located at plants or administrative offices are classified as manufacturers' sales branches or offices, if separate records are available.",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/meaning-of-type-of-operation-code/"
}