Advertisements
Advertisements
Question
How does market information provided by wholesalers benefit the manufacturers?
Solution
Wholesalers provide a variety of information to both manufacturers and customers. To manufacturers, they provide information about the tastes and preferences of customers, conditions prevailing in the market, level of competition in the market, and types of goods and features demanded by consumers. This information helps manufacturers to cater to the changing needs of consumers.
APPEARS IN
RELATED QUESTIONS
What purpose is served by wholesalers providing warehousing facilities?
How do the wholesalers help the manufacturer in availing of the economies of scale?
Explain the services offered by the wholesalers to the manufacturers.
What are the services offered by retailers to wholesalers and consumers?
