Goods are manufactured in one place and it may be demanded throughout

1.	Goods are manufactured in one place and it may be demanded throughout the world. Goods may reach the consumers by a number of middlemen. Who is the first middleman in the trade? Explain any three features of that middleman?
Answer» The first middleman in the trade or distribution is called wholesaler. A wholesaler buys goods directly from manufacturers and sells them to the retailers. Features: 1. Wholesalers buy goods directly from producers. 2. Wholesalers buy goods in large quantities and sell in small quantities. 3. Wholesalers sell different varieties of a particular kind of product.

Goods are manufactured in one place and it may be demanded throughout the world. Goods may reach the consumers by a number of middlemen. Who is the first middleman in the trade? Explain any three features of that middleman?

Answer»

The first middleman in the trade or distribution is called wholesaler. A wholesaler buys goods directly from manufacturers and sells them to the retailers.

Features:

1. Wholesalers buy goods directly from producers.

2. Wholesalers buy goods in large quantities and sell in small quantities.

3. Wholesalers sell different varieties of a particular kind of product.

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Goods are manufactured in one place and it may be demanded throughout the world. Goods may reach the consumers by a number of middlemen. Who is the first middleman in the trade? Explain any three features of that middleman?

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