Question: Intermediaries are important because they provide the flow from the producer to the consumer. Intermediaries accomplish this through performing three functions including a transactional function,

Intermediaries are important because they provide the flow from the producer to the consumer. Intermediaries accomplish this through performing three functions including a transactional function, a logistical function, and facilitating functions. Transactional functions is the relatively straightforward relationship of the movement of goods or services (Kerin & Hartley, 2022). Logistical functions are those which includes gathering, sorting, or dispersing the goods or services (Kerin & Hartley, 2022). The facilitating function is where the intermediary makes it easier for the transactions to occur in the first place (Kerin & Hartley, 2022).

I believe that large businesses rely more heavily on the logistical functions of the business. On a larger scale, logistics gain more and more importance. In a small business, transactional functions and facilitating functions become more important. This is because smaller businesses rely heavily on their initial attraction to the public. Focusing more on facilitating an easy transaction is more important to gaining speed in business.



JUSTIFY or agree/disagree with the writer or answer the Above. And please mention if you are justifying,agreeing,disagreeing or answering the above


Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

ANSWER I agree with the writers assessment that large businesses tend to rely more heavily on logist... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!