Unit-1 Nature of Business

Introductory unit for the preparatory course in Commerce.

Name various parties who assist in the flow of goods from producer to the consumers.

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Learning Pundits Content Team

Written on Apr 17, 2019 1:08:59 PM

Various parties who assist in the flow of goods from producers to the consumers are as follows:

Retailer/Wholesaler : The middleman which helps the manufacturer to distribute the goods to the consumers.

Certain other agencies like banks, insurance companies, transportation firms, warehouses,advertising agencies,etc., also aid the functioning and manufacturers and traders.

Manufacturer : Produces goods for consumers.

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