Read the Assertion (A) and Reasoning (R) and select the correct option. Assertion (A): The channel of distribution is a network of institutions that perform a variety of interrelated and coordinated functions in the movement of goods from producers to consumers. Reasoning (R): Most producers do not sell goods directly to the consumers. They make use of intermediaries known as middlemen who take title to goods or assist in transferring the title.

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Economics · Channels of Distribution

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Answer 1

(A) is correct, but (R) is incorrect.

Answer 2

Both (A) and (R) are incorrect.

Answer 3

Both (A) and (R) are correct, but (R) is not the correct explanation of (A).

Answer 4

Both (A) and (R) are correct, and (R) is the correct explanation of (A).

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