WAEC 2019 Economics · Question 2
Middlemen are made up of
Options
- A.manufacturers, wholesalers, and consumers
- B.manufacturers, wholesalers, and retailers
- C.wholesalers, retailers and hawkers
- D.wholesalers, retailers, and consumers
Answer: C. wholesalers, retailers and hawkers
Explanation written with AI and checked against the answer key
Step 1: Analyze the question The question asks who makes up "middlemen" in the chain of distribution.
Step 2: Explain the concept In the chain of distribution, goods move from the producer (manufacturer) to the final user (consumer). Middlemen are the intermediaries who stand between these two ends. They help move goods from where they are produced to where they are needed.
Typical middlemen include:
- Wholesalers, who buy in bulk from producers and sell in smaller lots to retailers
- Retailers, who sell in small quantities to consumers
- Hawkers (itinerant traders), who move about selling goods directly to buyers
- Agents and brokers
Step 3: Eliminate options
- A is wrong because manufacturers are producers and consumers are the end users. Neither is a middleman.
- B is wrong because it includes manufacturers, who are producers.
- D is wrong because it includes consumers, who are at the end of the chain.
- C is correct because wholesalers, retailers and hawkers are all intermediaries between producer and consumer.
Step 4: Answer
Tip: Think of the chain as Producer → Middlemen → Consumer. Any option containing a manufacturer or a consumer cannot be a list of middlemen. This trick lets you eliminate A, B and D immediately.
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