In the context of factors of production, which channel member is primarily responsible for making the product?

• A. Producer
• B. Wholesaler
• C. Retailer
• D. Consumer

Answer: (A)

Verified step by step guidance

1. Understand the concept of factors of production, which are the inputs used to produce goods and services, such as labor, capital, land, and entrepreneurship.
2. Identify the roles of different channel members: the producer, wholesaler, retailer, and consumer.
3. Recognize that the producer is the channel member who combines the factors of production to create the final product.
4. Note that wholesalers and retailers are involved in the distribution and sale of the product, not in its creation.
5. Conclude that the producer is primarily responsible for making the product, as they transform inputs into finished goods.