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Marketing Cp 13
Marketing Chp 13 Word
| Question | Answer |
|---|---|
| Channel Conflict | Arises when one channel member believes another channel member is engaged in behavior that prevents it from achieving its goal |
| Customer Service | The ability of logistics management to satisfy users in terms of time, dependability, communication, and convenience |
| Disintermediation | Channel conflict that arises when a channel member bypasses another member and sells or buys product directly |
| Dual Distribution | An arrangement whereby a firm reaches different buyers by using two or more different types of channels for the same basic product |
| Exclusive Distribution | A level of distribution density whereby only one retail outlet in a specific geographical area carries the firms products |
| Intensive Distribution | A level of distribution density wherby a firm tries to place its products and services in as many outlets as possible |
| Logistics | those activities that focus on getting the right amount of the right products to the right place at the right time at the lowest possible cost |
| Marketing Channel | Individuals and firms involved in the process of making a product or service available for use or consumption by consumers or industrial ususers |
| Multichannel Marketing | Blending of different communication & delivery channels that are mutually reinforcing in attracting, retaining, & building relationships w/consumers who shop/buy in traditional intermediaries and online |
| Selective Distribution | A level of distribution density whereby a firm selects a few retail outlets in a specific geographical area to carry its product |
| Supply Chain | A sequence of firms that perform activities required to create and deliver a good or service to consumers or industrial users |
| Total Logistics Cost | Expenses associated with transportation, materials handling and warehousing, inventory, stockouts, order processing, and return goods handlling |
| Vendor-managed Inventory | An inventory management system whereby the supplier determine the product amount and assortment a customer needs and automatically delivers the appropriate items |
| Vertical Marketing Systems | Professionally managed and centrally coordinated marketing channels designed to achieve channel economics and maximum marketing impact |