One good reason for the elimination of middle men is that...
One good reason for the elimination of middle men is that they
Cause increase in price
Help in price stability
Grade and blend goods
Are too many
Correct answer is A
The main reason that many will argue that middlemen should be elimination from the channel of distribution is related to the extra costs involved in employing them. Everyone is in business to make profits. The middle men would add a portion of their profits before selling to retailers, the retailers would also increase the price in order to profit off it before selling to the final consumer.
This process makes the price of goods high and expensive.
The wholesaler performs the following function except ...
A major achievement of the Organization of Petroleum Exporting Countries (OPEC) is that ...
The difference between personal income and personal disposal income is ...
Progressive system of taxation implies that the ...
In an attempt to correct a deficit balance of payment, a country may decide to increase ...
The tax whose rate increases as the level of income increases is known as ...
The condition for equilibrium price and quantity under perfect competition is ...