WAEC Economics 2017 Objective — Question 29
Question 29 of 50 from the West African Examinations Council (WAEC) Economics 2017 Objective paper, with the correct answer and a full explanation.
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Which of the following is a threat to the existence of middlemen?
- A. A. Consumers' cooperative societiesCorrect
- B. B. Producers' cooperative societies
- C. C. Sales agents
- D. D. Large scale producers
Explanation
Consumers' cooperative society pose great threat to the wholesaler and retailer who form the middleman because they can also perform their factors/functions.
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