WAEC - Economics (1994 - No. 13)
Which of the following pairs can be referred to as middlemen?
wholesalers and agents
Retailers and consumers
Consumers and agents
Wholesalers and retailers
Wholesalers and consumers
Vysvětlení
A middleman is a person who buys goods from producers and sells them to retailers or consumers or one who arranges business or other deals between other people.
The channel of distribution recognizes the wholesaler and the retailer as the middlemen