Question

A general term for a middleman that actually buys from producers or other middlemen and then resells goods to consumers is a _____

Answer 1

The retailer is the general term used for the middleman that buys from the producers or and resells to the consumers.

The retailer is part of the entity that forms the channel of distribution.

• The retailers are important because its sells in smaller bulk and is more closer to the final consumer.

• The retailers eliminate the need for the final consumers to buy directly from the wholesalers.

Hence, the retailer is the general term used for the middleman that buys from the producers or and resells to the consumers.

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