Intermediaries, known as middlemen, specialize in
A) reducing transaction costs.
B) negotiating high prices for sellers.
C) negotiating low prices for buyers.
D) encouraging consumers to buy goods on credit, rather than with cash.

Question

Quizplus · Accepted Answer

Intermediaries, or middlemen, specialize in reducing transaction costs by providing services such as logistics, storage, and marketing that help move products from producers to consumers more efficiently. While they may negotiate prices for both sellers and buyers, their primary role is to facilitate transactions and add value to the supply chain. Encouraging consumers to buy on credit is typically the role of financial institutions, not intermediaries.

Intermediaries, Known as Middlemen, Specialize in