Question 24
Distributive TradeOne of the greatest demerits of the middlemen in Nigeria is that they
- A.increase the prices of goods and services at will
- B.Sell in small units only
- C.Store goods in warehouses that are not spacious enough
- D.Sell on credit to retailers only
- E.Do not advertise their goods.
Show the answer and explanation
Answer: A (increase the prices of goods and services at will)
Explanation
Middlemen often hoard and add large profit margins, pushing up prices.