Question

How do wholesalers use market information to benefit manufacturers and retailers?

Options

• They increase product prices automatically.

• They help manufacturers understand demand trends and assist retailers with new product knowledge.

• They prevent retailers from selling directly.

• They reduce competition in the market.

Answer 1

They help manufacturers understand demand trends and assist retailers with new product knowledge.

Explanation:

Wholesalers collect and share market insights from retailers and consumers, enabling manufacturers to make informed production decisions and retailers to stock better-selling products.