which of the following pairs can be referred to as middlemen?
Question 1 Report
which of the following pairs can be referred to as middlemen?
Answer Details
The pair that can be referred to as middlemen are "Wholesalers and retailers." Middlemen are intermediaries that connect producers with consumers. They purchase goods from manufacturers in large quantities, store them in warehouses, and then sell them to retailers in smaller quantities. Retailers then sell the products to consumers. Wholesalers and retailers are considered middlemen because they are in the middle of the supply chain between manufacturers and consumers. They provide value by making products available to consumers in a convenient and accessible manner.
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