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That's not a middleman. A middleman buys and sells the exact same product. In this case, the steel mill buys ore from the mine, turns it into steel, and sells
by fallingknife 4y ago
That's not a middleman. A middleman buys and sells the exact same product. In this case, the steel mill buys ore from the mine, turns it into steel, and sells it to the car company. The "turns it into steel" part is what differentiates them from a middleman.
- benj111 4y agoI'd disagree. A dealer buys an unregistered car. Registers, checks, sorts finance, offers after sales support. That is their value add.
- serf 4y ago>A dealer buys an unregistered car. Registers, checks, sorts finance, offers after sales support. That is their value add. their 'value-add' is mandatory and driven by regulation. it's akin to talking about the TurboTax 'value-add' while failing to mention their anti-consumer efforts.