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4.01 Channel of Dist

TermDefinition
Agents Intermediaries that assist in the sale and/promotion of goods but does not take the title of them.
Channels of distribution Paths or routes that goods take from producer to the ult. consumer or industrial user.
Consumer goods Tangible items produced for personal use
Direct channel of distribution A channel of distribution in which goods and services move directly from producer to consumer or industrial user
Goods Tangible objects that can be manufactured or produced for resale
Indirect channel of distribution A channel of distribution where goods and services move from producer to intermediaries and then to consumers or industrial users
Industrial distributor A channel member that buys industrial goods and sells them to industrial users.
industrial goods Tangible items that will be consumed by industrial users
Intermediaries Channel members operating between producer and consumer or industrial user to help in the movement of goods and services (middlemen)
Producers People who make or provide goods and services
Product A good or service that a company sells to consumers
Retailer A business that buys consumer goods or services and sells them to the ult. consumer
Services Intangible activities that are performed by other people for money; productive acts that satisfy economic wants
Ult. consumers People who personally use a good or service to satisfy their own needs or wants (final consumers)
Wholesalers Intermediaries that help move goods between producers and retailers by buying goods and selling them to retailers
Created by: Jstew04
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