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Distribution and log
Vocabulary
Term | Definition |
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Agent | A business unit that negotiates purchases, sales, or both but does not take title to the goods in which it deals |
Channel of Distribution | An organized network (system) of agencies and institutions which, in combination, perform all the functions required to link producers with end customers to accomplish the marketing task |
Distribution Center | A facility for the receipt, storage, and redistribution of goods to company stores or to customers. It may be operated by retailers, manufacturers, or distribution specialists |
E-Market Place | Internet location owned by a company or consortium which allows other companies or individuals to get new suppliers or buyers for their products as well as develop trading networks which makes negotiating settlement and delivery easier and more efficient |
Exclusive Distribution | A form of market coverage in which a product is distributed through one particular wholesaler or retailer in a given market area |
Indirect Distribution | A channel whereby goods and services are sold indirectly from producer through independent middlemen to final users |
Intensive Distribution | A form of market coverage in which a product is distributed through all available wholesalers or retailers who stock and sell the product in a given market area |
Inventory | Goods or merchandise available for resale |
Inventory Turnover | The number of times average inventory is sold during a specified time period (usually one year) |
Physical Distribution | A concept or approach to managing the finished goods inventory of the firm. Typically it includes transportation, warehousing, inventory, and order processing functions of the firm |
Rock Jobbers | A wholesale middleman operating principally in the food trade, supplying certain classes of merchandise that do not fit into the regular routine of food store merchandise resource contacts |
Retailers | A merchant middleman who is engaged primarily in selling to ultimate consumers. One retailer may operate a number of establishments |
Selective Distribution | A form of market coverage in which a product is distributed through a limited number of wholesalers or retailers in a given market area |
Wholesales | Merchant establishment operated by a concern that is primarily engaged in buying, taking title to usually storing and physically handling goods in large quantities and reselling the goods to retailers or to industrial or business users |
Intermediate | a person who acts as a link between people in order to try to bring about an agreement or reconciliation; a mediato |