Question

State with reasons whether the following statement are True or False.

Producer gets market information through wholesaler.

Answer 1

Producer gets market information through wholesaler-True

Explanation:
The above statement is correct. Wholesalers provide useful market information, such as the tastes and preferences of customers, the prevailing market conditions, level of competition in the market and type of goods demanded by consumers, to producers. This information helps producers to cater to the changing needs of consumers.