Middlemen are made up of
...Middlemen are made up of
Manufacturers, wholesalers, and consumers
Manufacturers, wholesalers, and retailers
Wholesalers, retailers and hawkers
Wholesalers, retailers, and consumers
Correct answer is C
Middlemen are agents who play the role of an intermediary in a distribution or transaction chain that facilitates interaction between parties. They include wholesalers, retailers, agents, and brokers.
For those who may be confused about a hawker being a middleman, remember a hawker does the same thing a retailer does, - sells to the final consumer. The difference between a hawker and a retailer is in the mode of conducting business. While a retailer may have a kiosk, shop, or store where their goods are sold, a hawker moves from one place to another to sell different products.
Goods that are abundant in supply usually have low ...
Utility is the satisfaction derived from____________ ...
The clearing house of all commercial banks in Nigeria is the ...
Which of the following is a public corporation? ...
Which of the following combinations is a veritable set of development indicators? ...
Quantity Total cost 0 20 1 25 2...
The marketing of agricultural products in Nigeria can be improved by ...
Which of the following is true of the value of money? It ...