With Manufacturers Legally Able to Sell Direct from the Factories,why

question 7

Essay

With manufacturers legally able to sell direct from the factories,why should retailers exist?

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Definitions:

Price Inelastic

A characteristic of goods for which demand does not significantly change with a change in price, indicating consumers' necessity or lack of substitutes for the product.

Higher Education Supply

Refers to the availability of college or university education opportunities, including institutions, programs, and courses offered to students.

Price Inelastic

Describes a situation where the quantity demanded or supplied of a good or service changes minimally in response to price changes.

Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good to a change in its price, income level, or other factors.