Arrange the following in a proper sequence (in respect of distribution channel).

A. Agent
B. Retailer
C. Customer
D. Manufacturer
E. Wholesaler

Choose the correct answer from the options given below:

D, A, E, B, C

The correct answer is Option (2) - D, A, E, B, C

The Three-Level Channel of distribution typically follows the sequence:

MANUFACTURER → AGENT→ WHOLESALER→ RETAILER→ CONSUMER

This sequence is based on the traditional flow of goods from the manufacturer to the end customer through wholesalers and retailers, with an agent potentially playing a role in between.