Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Distribution
logistics
| Term | Definition |
|---|---|
| Agents | 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. |
| Dollar Control | The control of sales, stocks, markdowns, and markups in terms of dollars rather than in terms of pieces or items. |
| 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 (AWAS) 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. |
| Physical Inventory System | An inventory determined by actual count and evidenced by a listing of quantity, weight, or measure. It is usually compiled in dollars as well as units |
| 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. |
| Wholesalers | 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 (smaller size) to retailers, to industrial or business users. |
| 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 (WTO) | A global group of nations that make the rules governing international trade. |
Created by:
Gabster1226
Popular Marketing sets