A Middleman Is a Person Who

question 55

Multiple Choice

A middleman is a person who

• A) specializes in arranging trades and selling, guaranteeing, and servicing items traded.
• B) acts as a middle person between the top management of a business firm and the hourly employees who actually produce the goods and services.
• C) adds to the seller's expense and the buyer's buying price without providing a service to either.
• D) levies a tax on private sector activity and uses the funds to support government activities.

---

Definitions:

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.

Great Locations

Prime or advantageous physical positions for businesses, typically offering high visibility, accessibility, and customer traffic.

Proximity

The physical or psychological closeness between people, places, or things, often influencing interactions and communications.

Integrated CRM

A holistic approach to customer relationship management (CRM) that combines data and processes across all departments to provide a unified customer experience.