who among the following is the intermediary between the producer and the retailer?
Answer Details
The intermediary between the producer and the retailer is the wholesaler.
A wholesaler is a type of intermediary who buys goods in bulk from the manufacturer or producer and sells them in smaller quantities to retailers or other businesses. The wholesaler helps bridge the gap between the producer and the retailer by providing a distribution channel for goods, enabling the producer to reach a larger market.
Wholesalers typically purchase goods from producers in large quantities and then store them in a warehouse before selling them to retailers or other businesses. They may also provide other services such as transportation, packaging, and financing.
In summary, a wholesaler acts as an intermediary between the producer and the retailer by purchasing goods in bulk from the producer and selling them in smaller quantities to retailers or other businesses.