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Vocabulary Quiz 4 Review

AB
channel of distributionthe path a product takes from producer or manufacturer to final user
industrial userWhen the product is purchased for use in a business
consumerWhen the product is purchased for personal use
intermediariesAll the business involved in sales transactions that move products from the manufacturer to the final user; also called middlemen
wholesalersbuy large quantities of goods from manufacturers, store the goods, and then resell them to other businesses.
rackjobbersare wholesalers that manage inventory and merchandising for retailers by counting stock, filling it in when needed, and maintaining store displays
dropshippersown the goods they sell but do not physically handle the actual products
retailergoods to the final consumer for personal use
brick and mortar retailerstraditional retailers that sell goods to the customer for their own physical stores
vending servicecompanies buy manufacturers’ products and sell them through machines that dispense goods to consumers
online retailing or e-tailinginvolves retailers selling products over the Internet to the customer
agentsdo not own the goods they sell; act as intermediaries by bringing buyers and sellers together.
independent manufacturers' representativesseveral related (but non competing) manufacturers in a specific industry. They work independently, running their own businesses.
direct distributionoccurs when the goods or services are sold from the producer directly to the customer; no intermediaries are involved
indirect distributioninvolves one or more intermediaries
distribution planninginvolves decisions about a product’s physical movement and transfer of ownership from producer to consumer.
exclusive distributioninvolves protected territories for distribution of a product in a given geographic area
selective distributionmeans that a limited number of outlets in a given geographic area are used to sell the product
intensive distributioninvolves the use of all suitable outlets to sell a product


Marketing Essentials Teacher
Cypress Bay High School

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