Meaning, elimination and survival of the middlemen. - SS1 Commerce Past Questions and Answers - page 1
1
What is the role of middlemen in commerce?
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A
Connecting producers and consumers
B
Manufacturing goods
C
Conducting market research
2
Which of the following is a reason for the survival of middlemen?
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A
Direct-to-consumer models
B
Reduction in costs for producers
C
Expertise in local markets
3
What function do middlemen perform in the supply chain?
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A
Sourcing products and negotiating prices
B
Directly marketing goods to consumers
C
Producing goods and services
4
Which of the following is a benefit of eliminating middlemen?
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A
Efficient distribution of goods
B
Increased control over pricing and branding
C
Access to a broader market
5
What is the main role of middlemen in risk mitigation?
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A
Managing logistics and transportation
B
 Stocking inventory and handling bulk quantities
C
Conducting market research
6
State one reason for the survival of middlemen in commerce.
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7
What is one benefit of eliminating middlemen in the supply chain?
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