One of the main ways in which a wholesaling intermediary can cut the costs of buying and selling between manufacturers and customers is by __________________.

Question

One of the main ways in which a wholesaling intermediary can cut the costs of buying and selling between manufacturers and customers is by __________________.​

Quizplus · Accepted Answer

By representing multiple producers, a wholesaling intermediary can reduce the number of transactions needed for manufacturers and customers to buy and sell products, which can ultimately cut costs. This is because the intermediary can act as a one-stop-shop for customers, offering a variety of products from different manufacturers, which simplifies the buying process. Additionally, by representing multiple producers, the intermediary can potentially negotiate better prices for customers, which can lead to cost savings.

One of the Main Ways in Which a Wholesaling Intermediary