Answer Question

Consider this statement: “It’s important in business today for all firms to work to cut out the middleman. Intermediaries represent costs that can be saved by finding ways to cut them out of the system. Down-channel buyers always benefit when this happens.” Do you agree with this statement? Why or why not?

Solution Preview

Question
I agree with the statement that businesses today must do all it takes to cut off middlemen in their operations. Middlemen represent increased costs since they increase the cost of the products and services that are provided in the market.

(301 words)