![]() ![]() Villamor's body is now in a funeral home in Alabang where an autopsy was conducted by the National Bureau of Investigation, BuCor added. It said cardiopulmonary resuscitation was done but that he was pronounced dead at around 2 p.m. "However, we are still awaiting the official and final autopsy result which will include a toxicology test that will be further conducted today to complete the autopsy," Chaclag said.Īccording to the bureau, Villamor was brought to the NBP hospital at around 1:30 p.m. Thank you for reading CFI’s guide to Middleman.Metro Manila (CNN Philippines, October 21) - The Bureau of Corrections (BuCor) on Friday said initial findings of its health service showed no signs of physical injuries on the late inmate alleged to be a "middleman" in the shooting of journalist Percy Lapid.īuCor Spokesperson Gabriel Chaclag said this "probably indicates a natural cause of death or no signs of foul play" against the inmate whom the bureau identified as Jun Villamor from the New Bilibid Prison (NBP). When a profit margin for each middleman is also factored in, consumers ultimately must bear the price of having intermediaries in the channel. As goods exchange hands from one middleman to the other, their prices inflate.Ī higher price is charged at each junction to cover the cost of warehousing, insurance, transportation, advertising, etc. Disadvantages of Middlemenĭespite the many advantages that middlemen can offer, some people believe that middlemen do more harm than good and should be eliminated. They benefit from other services of middlemen, such as advertising and delivery. By specializing in functions such as banking, warehousing, transportation, underwriting, etc., they bring the economic benefits of specialization and division of labor to the market.īuyers gain access to the right quantities of goods and services close to their homes through the intermediary channels. In addition to constantly matching the supply and demand in the market, middlemen provide valuable feedback to the producers about their market offering. Both consumers and producers stand to benefit from their services. Intermediaries are important players in every market. It is the middlemen in the process chain who assume the risks of theft, perishability, and other potential hazards. Buyers and sellers are often unwilling to assume the market risk for fear of a possible loss.They make the goods and services available to consumers at the right place, at the right time, and in the right quantity.Middlemen like banks and other financial institutions render financial services to manufacturers.They promote the goods to the consumers on behalf of the producers. They enable manufacturers to concentrate on the primary function of production by handling the ancillary functions of warehousing, distribution, advertising, insurance, etc.They provide valuable information and feedback to producers about consumer behavior, changing tastes and fashions, upcoming rival businesses, etc.Middlemen perform the following functions in a marketplace: They provide trading services, investment advice, and solutions to their clients and charge a brokerage fee in return. Instead, they make money by charging a commission or a fee for facilitating a transaction.įor example, brokers act as intermediaries between investors and the securities exchange. They do not take ownership of what they are selling. AgentsĪgents, such as brokers or real estate agents, specialize in negotiations involved in transactions. Larger middlemen may focus on a core competency, such as delivery, advertising, warehousing, or a particular market segment. Merchant middlemen range from a shopkeeper to a large multinational corporation with international operations. They make money by selling the goods at a higher price than its cost to them. They take ownership of inventory and bear the expense of storing and distributing the product. Merchants, such as wholesalers and retailers, buy and re-sell their goods. Middlemen can be classified into two categories, namely merchants and agents. They make goods and services easily available to consumers in the desired quantity. They provide manufacturers with valuable market feedback and let them concentrate on production by providing the ancillary services of warehousing, distribution, advertising, insurance, finance, etc.While merchants buy and re-sell their goods, agents specialize in negotiations of selling or buying transactions. Middlemen can be classified into two categories, namely, merchants and agents.A middleman plays the role of an intermediary in a distribution or transaction chain who facilitates interaction between the involved parties. ![]()
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