An intermediary is someone who specializes in trade rather than production. They facilitate the exchange process between buyers and sellers, and help to bridge the gap between them. They often work as wholesalers or brokers, and their involvement can increase efficiency and reduce costs for both parties involved.

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An Intermediary

Question 244

Multiple Choice

An intermediary:

A) is a wholesaler-not a retailer.
B) usually increases the number of transactions required.
C) tends to make the exchange process more difficult and costly.
D) is someone who specializes in trade rather than production.
E) none of these answers is correct.

Correct Answer: