key term - Brokers

Definition

Brokers act as intermediaries between buyers and sellers to facilitate transactions in various markets, including goods, services, and securities. They leverage their knowledge and networks to match the needs of both parties, often handling negotiations and the transfer process.

Related terms

Distribution Channels: Paths through which products or services travel from the producer to the consumer, involving intermediaries like wholesalers and retailers.

Intermediaries: Entities or individuals that act as middlemen in the supply chain between producers and consumers, facilitating transactions and distribution.

Negotiation:

The process of discussing terms of a deal or contract between two or more parties with conflicting interests to reach a mutual agreement