In the channel of distribution, which of the following sets is entirely made up of...
In the channel of distribution, which of the following sets is entirely made up of middle men?
- A) Wholesales, retailers and agents
- B) Manufacturers, consumers and retailers
- C) Wholesales, agents and consumers
- D) Retailers, manufacturers and wholesales
Correct Answer: A) Wholesales, retailers and agents
Explanation
In the channel of distribution, there are different types of people or businesses involved in getting a product from the manufacturer to the consumer. These people or businesses are called middlemen. They play an important role in the distribution process.The question is asking which set of people is entirely made up of middlemen. Let's look at the options:
Option A: Wholesalers, retailers, and agents - This option consists of all middlemen. Wholesalers buy products in large quantities from manufacturers and sell them to retailers. Retailers then sell the products to the final consumers. Agents are also middlemen who help in selling products on behalf of the manufacturer. So, option A is correct.
Option B: Manufacturers, consumers, and retailers - This option includes manufacturers (the people who make the products), consumers (the people who buy and use the products), and retailers (the businesses that sell the products to consumers). Manufacturers and consumers are not middlemen, so option B is incorrect.
Option C: Wholesalers, agents, and consumers - This option includes wholesalers (middlemen), agents (middlemen), and consumers (not middlemen). So, option C is incorrect.
Option D: Retailers, manufacturers, and wholesalers - This option includes retailers (middlemen), manufacturers (not middlemen), and wholesalers (middlemen). So, option D is incorrect.
Therefore, the correct answer is option A: Wholesalers, retailers, and agents.