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4.01

TermDefinition
Agents Intermediaries that assist in the sale and/ or promotion of goods and services but do not take title to them
Channels of distribution Paths, or routes, that goods or services take from the producer to the ultimate 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 are move directly from the producer to the consumer or industrial user; also known as direct distribution
Goods Tangible objects that can be manufactured or produced for resale
Indirect channel of distribution A channel of distribution in which goods and services move from the producer to intermediaries and then to consumers or industrial users; also known as indirect distribution
Industrial distributor a channel member that buys industrial goods and sells them to industrial users
Industrial goods Tangible objects that will be consumed by industrial users
Industrial user A business that buys materials, services, or goods that will be used to make other goods or used in the operation of company
Intermediaries Channel members operating between the producer and the consumer or industrial user to help in the movement of goods and services; also known as middleman
Middlemen See intermediaries
Producers The people who make or provide goods and services.
Product A good or service that a company sells to customers
Retailer A business that buys consumer goods or services and sells them to the ultimate customer
Services Intangible activities that are preformed by other people for money productive acts that satisfy economic wants
Ultimate customers People who personally use a good or service to satisfy their own needs or wants
Wholesalers Intermediaries that help mov goods between producers and retailers by buying goods from produces and selling them to retailers
Created by: user-1969139
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