A middleman
A) attempts to prevent buyers from finding sellers.
B) promotes trade by lowering the transaction costs of buyers and sellers.
C) acts as a liaison between top management and the hourly employees.
D) adds to the seller's expense and the buyer's price without providing a service to either.

Question

Quizplus · Accepted Answer

A middleman serves as an intermediary between the buyer and the seller, facilitating the trade and reducing transaction costs for both parties. They can help to match buyers and sellers, negotiate deals, and handle logistics, among other things. They add value to the transaction by providing a service that would not be possible without them, and can help to promote trade and economic growth.

A Middleman