Another term for intermediaries who specialize in reducing transaction costs is
A) service providers.
B) consultants.
C) middlemen.
D) revenue agents.

Question

Quizplus · Accepted Answer

Middlemen are intermediaries in the distribution process who specialize in reducing transaction costs between buyers and sellers. They provide various services such as transportation, storage, financing, and market research, which reduce the cost of transactions for both buyers and sellers. Service providers and consultants may also reduce transaction costs but do not necessarily specialize in it. Revenue agents are government officials who collect taxes and are not intermediaries in the distribution process.

Another Term for Intermediaries Who Specialize in Reducing Transaction Costs