Which of the following refers to the displacement of market middlemen and creating a new direct relationship between producers and consumers?Group of answer choicesfirst mover advantagenetwork effectfriction-free commercedisintermediation
Question
Which of the following refers to the displacement of market middlemen and creating a new direct relationship between producers and consumers?Group of answer choicesfirst mover advantagenetwork effectfriction-free commercedisintermediation
Solution
The term that refers to the displacement of market middlemen and creating a new direct relationship between producers and consumers is disintermediation.
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