which of the following is a threat to the existence of middlemen
ECONOMICS
WAEC 2017
which of the following is a threat to the existence of middlemen
- A. consumers cooperative society
- B. producers cooperative society
- C. sales agents
- D. large scale producers
Correct Answer: A. consumers cooperative society
Explanation
consumers cooperative society is an autonomous association of consumers united voluntarily to meet their common needs and aspirations. The cooperative society purchases in bulk directly from the producers which avails them discounts and in return, sells in small lots to their members, thereby eliminating the middlemen (both the wholesaler and retailer)
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *