Question

A general term for middlemen that actually buy from producers or other middlemen and then resell goods to consumers is a

A) Retailer
B) Wholesaler
C) Broker
D) Agent

Answer 1

A wholesaler is a middleman who buys goods in large quantities from producers or other middlemen, and then resells them to retailers or directly to consumers.

Step-by-step explanation:

The correct answer is Wholesaler.

A wholesaler is a middleman who buys goods in large quantities from producers or other middlemen, and then resells them to retailers or directly to consumers. Wholesalers typically operate on a larger scale than retailers, and they often provide services such as storing, sorting, and delivering the goods to retailers.

For example, a grocery store may purchase fruits and vegetables from a wholesaler, who in turn buys them from farmers or other distributors. The wholesaler acts as an intermediary between the farmers and the grocery store, helping to streamline the distribution chain.