WORLD HISTORY

Detailed explanation-1: -Brokers and agents typically perform only a few of the marketing flows, and their main function is to ease buying and selling-that is, to bring buyers and sellers together and negotiate between them.

Detailed explanation-2: -Unlike merchant wholesalers, agent middlemen do not take legal ownership of the goods they sell; nor do they generally take physical possession of them. The three principal types of agent middlemen are manufacturers’ agents, selling agents, and purchasing agents.

Detailed explanation-3: -Financial intermediaries serve as middlemen for financial transactions, generally between banks or funds. These intermediaries help create efficient markets and lower the cost of doing business.

Detailed explanation-4: -There are four main types of intermediaries including agents and brokers, wholesalers, distributors, and retailers.