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
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
What function do middlemen perform in the supply chain?
Sourcing products and negotiating prices
Directly marketing goods to consumers
Producing goods and services
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
What is the main role of middlemen in risk mitigation?
Managing logistics and transportation
Stocking inventory and handling bulk quantities
Conducting market research
State one reason for the survival of middlemen in commerce.
What is one benefit of eliminating middlemen in the supply chain?