Middlemen are made up of
- manufacturers, wholesalers, and consumers
- manufacturers, wholesalers, and retailers
-
wholesalers, retailers and hawkers
- wholesalers, retailers, and consumers
The correct answer is: C
Explanation
Middlemen are agents who play the role of an intermediary in a distribution or transaction chain that facilitates interaction between parties. They include wholesalers, retailers, agents, and brokers.
For those who may be confused about a hawker being a middleman, remember a hawker does the same thing a retailer does, - sells to the final consumer. The difference between a hawker and a retailer is in the mode of conducting business. While a retailer may have a kiosk, shop, or store where their goods are sold, a hawker moves from one place to another to sell different products.