Question

How could mercantile company make profit?

Answer 1

Answer:

Mercantile trading companies in those days made profit primarily by excluding competition, so that they could buy cheap and sell dear. ... Mercantile – A business enterprise that makes profit primarily through trade, buying goods cheap and selling them at higher prices 2020-21 Page 3 11 goods.

Answer 2

Answer:

Mercantile trading companies in those days made profit primarily by excluding competition, so that they could buy cheap and sell dear. ... Mercantile – A business enterprise that makes profit primarily through trade, buying goods cheap and selling them at higher prices 2020-21 Page 3 11 goods.