The more intermediaries there are in the supply chain, the higher the distribution channel. Examples of middlemen include wholesalers, retailers, agents and brokers.
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Wholesalers and agents are closer to the producers. Wholesalers buy goods in bulk and sell them to the retailers in large quantities.
Retailers and brokers acquire the goods from the wholesalers and sell them in small quantities to the consumers. Consumers may also choose to bypass the intermediaries and buy goods directly from the producers.
OPINION: Middleman is not economic empowerment
This is referred to as disintermediation. The core function of intermediaries is to deliver goods to the consumers when and where they want them. To achieve this, they buy the products from the producers, store them as they search for viable markets, and then transport them to the consumers.
follow But the early use of the word in the sense of middle-man points to contamination with some other word of different meaning. Synonyms for middle-man go-between mediator wholesaler agent broker connection distributor entrepreneur fixer influence intercessor intermediate intermediator jobber representative salesman interagent interceder MOST RELEVANT.
This difference between the producer and the middle-man may be continually observed elsewhere. Origin of middleman —50; late Middle English: maker of girdles; see middle , man 1. Examples from the Web for middleman A more recent wrinkle is the doctor who prescribes from his own office, cutting out the middleman read: pharmacist. The Devil's Paw E.
- Middleman definition and meaning | Collins English Dictionary.
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