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D&L + IB
Distribution & Logistics + International Business
Term | Definition |
---|---|
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-Marketplace | an 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 & delivery easier & 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 |
Rack 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 | A merchant establishment operated by a concern that is primarily engaged in buying, taking title to, usually storing & physically handling goods in large quantities & reselling the goods to retailers/to industrial/business users |
Intermediary | a person who acts as a link between people in order to try to bring about an agreement or reconciliation; a mediator (Marketing - people who help the company promote, sell, and distribute its products to final buyers) |
Balance Of Trade | The difference between exports and imports |
Embargo | The prohibition of shipment of goods or services to designated countries |
European Union (EU) | Free trade among European nations, all using the eruo |
Globalization | When a business sells the same product to other countries without any customization |
International Trade | The exchange of goods and services among nations |
North American Free Trade Agreement (NAFTA) | Trade agreement between Canada, the United States, and Mexico |
Tariff | A published set of rates for transportation and distribution services |
World Trade Organization | A global group of nations that make the rules governing international trade |