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