Retailers accumulate merchandise from producers in large amounts and sell to consumers in smaller amounts. Retailers function as
A) market intermediaries.
B) monopolists.
C) regulators of consumer demand.
D) wholesale specialists.
E) intermediate promoters.

Question

Quizplus · Accepted Answer

Retailers function as market intermediaries by connecting producers with consumers, allowing for merchandise to be sold in smaller amounts to the end consumer. They facilitate the exchange process by providing a convenient location for consumers to purchase products, and often provide additional services such as customer support, warranties, and returns.

Retailers Accumulate Merchandise from Producers in Large Amounts and Sell