Walser Limited Lifetime Powertrain Warranty. Available on all new car purchases and most used cars with less than 60,000 miles. Duration: Warranty is valid from vehicle sale date during the customer's lifetime or until the customer no longer owns the vehicle. Coverage: This is an inclusionary warranty which means only named components are covered. The warranty is limited to these listed parts.
Price Taker. What it is: A price taker is a person or company that has no control to dictate prices for a good or service. In the trading world, a price taker is a trader who does not affect the price of the stock if he or she buys or sells shares. The concept of a price taker is best illustrated with an example.
A middleman is a person or company that connects buyers with sellers. Wholesalers are a type of middleman. They buy goods from a manufacturer and then resell them to a retailer. A retailer is also an example of a middleman, as is a real estate agent. The middleman does not produce anything but has extensive market knowledge.