Producer gets market information through wholesaler. (State with reason whether the given statement is true or false)
Answers
Answer:
This statement is true that producers tend to receive more information through the wholesalers. This is so because retailers are firstly scattered about and that makes it difficult for the producers to get information from each and one of them. The producer is in direct contact with the wholesaler, so he can get market information from it. For instance, he can inquire which product has more demand and which has less. So that he can produce according to the ongoing market demand.
Answer:
The statement is TRUE.
Explanation:
The producer gets market information from his wholesaler, that helps him to plan market strategies to increase sales.
In normal practice, the producer supplies his product or service to the wholesaler. The wholesaler then takes it to the retailer and retailer sells it to the end consumer. Market and consumer information flows from the consumer to retailer to the wholesaler.