Which of the following is NOT one of the direct ways in which intermed

QUESTION

Which of the following is NOT one of the direct ways in which intermediaries add value to products?

A) providing information about products
B) making products more available to consumer
C) changing products into more valuable products
D) increasing the number of competitors for a type of product
E) providing services for the product for the consumer

ANSWER

Answer: D
Explanation: D) Intermediaries add value—or, as economists call it, utility, want-satisfying ability—to products by making them more useful or accessible to consumers. They are not competitors, nor do they increase the the number of competitors simply by serving as intermediaries.