What Is an Intermediary/Middleman?
An intermediary, or middleman, is an individual or organization that acts as a go-between for two other parties. Intermediaries are often used to facilitate transactions between buyers and sellers in order to ensure the smooth completion of a deal. They can also provide advice on pricing, product selection, and negotiation strategies. In some cases, intermediaries may even act as brokers who buy goods from one party and then resell them to another at a higher price.
Intermediaries play an important role in many industries by providing valuable services such as market research, logistics management, customer service support, financial analysis and more. By acting as a bridge between buyers and sellers they help reduce transaction costs while increasing efficiency in the marketplace. Additionally, intermediaries can be beneficial when it comes to protecting both parties involved in the transaction since they serve as impartial third-parties who can mediate disputes if necessary.