In a chain of middlemen working in a market, who usually makes the largest profit? 1 mark question plz help me!!!
Answers
Explanation:
What Is the Middleman in Marketing?
The main objective of marketing is to create valuable exchanges between consumers and producers. The market consists of those consumers who are willing and able to purchase products, hence creating exchanges that satisfy both parties. Middlemen, also referred to as intermediaries, play a vital part in ensuring that the distribution channel between the producer and the consumer is complete. The more intermediaries there are in the supply chain, the higher the distribution channel.
Types of Middlemen
Examples of middlemen include wholesalers, retailers, agents and brokers. Wholesalers and agents are closer to the producers. Wholesalers buy goods in bulk and sell them
Answer:
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Explanation:
In a chain of middle man working in a market who usually makes the largest profit. Profits are not usually distributed in the market, the seller who sells to the customer obtains the largest profit.
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