| A | B |
|---|
| agents | Intermediaries who bring buyers and sellers together and do not own the goods they sell |
| brick-and-mortar retailers | Traditional retailers that sell goods to customers from physical stores, rather than over the Internet |
| Channel of distribution | The path a product takes from its producer or manufacturer to the final user |
| direct distribution | Sales of goods or services directly to the customer, with no intermediaries. |
| drop shippers | Businesses that own the goods they sell but do not physically handle the products |
| e-tailing | Retailers selling products over the Internet to the customer |
| indirect districution | Sales of goods or services to the customer through one or more intermediaries |
| intermediaries | Businesses involved in sales transactions that move products from the manufacturer to the final user |
| rack jobbers | Wholesalers that manage inventory and merchandising for retailers by counting stock, filling it in when needed, and maintaining store displays |
| retailers | Channel of distribution that buys goods fro wholesalers or directly fro manufacturers and resells them to the consumer |
| wholesalers | Channel of distribution that obtains goods from manufacturers and resells them to industrial users, other wholesalers, and retailers. |
| e-marketplace | The online shopping location where products are sold to customers and industrial buyers through the use of the internet |
| exclusive distribution | Sales involving protected territories for distribution of a product in a given geographic area. |
| integrated distribution | A distribution system in which manufacturers act as wholesaler and retailer for their own products |
| selective distribution | A limited number of outlets in a given geographic area are used to sell the product. |
| carload | The minimum number of pounds a freighted needed to a boxcar |
| common carriers | Trucking companies that provide transportation services to any business in their operating area for a fee. |
| contract carriers | For-hire trucking companies that provide equipment and drivers for specific routes. |
| exempt carriers | Trucking companies that are free fro direct regulations of rates and operating procedures |
| freight forwarders | Private companies that combine less than carload or truckload shipments from several businesses and deliver them to their destinations. |
| physical distribution | Activities to deliver the right amount of product to the right place at the right time. |
| private carriers | Trucking companies that transport goods for an individual business |
| ton-mile | The movement of one ton (2,000 lbs) of freight one mile |
| transprotation | The marketing function of moving a product from the place where it is made to the place where it is sold. |
| storage | Marketing function that refers to the holding of goods until they are sold. |
| private warehouse | Facility designed to meet the specific needs of its owner. |
| public warehouse | storage and handling facilities offered to any individual or company that will pay for its use |
| distribution center | Warehouse designed to speed delivery of goods and to minimize storage costs |
| bonded warehouse | Public or private warehouse that store products requiring the payment of a federal tax |
| blind check method | The receiver of a delivery writes the description of the merchandise, counts the quantities received, and lists them on a blank form or dummy invoice. |
| direct check method | The merchandise is checked directly against the actual invoice or purchase order |
| pre-retailing marking method | Method of marking merchandise with the pricing information in advance on the purchase order. |
| quality check method | The merchandise is checked to determine whether the quality of goods received matches the quality of the products, which were ordered |
| receiving record | Information recorded by businesses about the goods they receive |
| source marking | The seller or manufacturer marks the price before delivering the merchandise to the retailer; the marking often uses a universal product code (UPC) |
| spot check method | The receiver of a delivery conducts a check of one carton in a shipment to see if the right kind and quantity of goods were delivered. |
| basic stock list | A list used for those staple items that should always be in stock |
| cycle counts | A small portion of the inventory is physically counted each day by stock keeping units so that the entire inventory is accounted for on a regular basis. |
| dollar control | The planning and monitoring of the total inventory investment that a business makes during a stated period of time. |
| inventory | All the goods stored by a business before they are sold |
| inventory management | The process of buying and storing materials and products while controlling costs for ordering, shipping, handling, and storage. |
| inventory turnover | The number of times the average inventory has been sold and replaced in a given period of time. |
| just-in-time inventory system | An inventory system that controls the flow of parts and material into assembly and manufacturing plants. |
| model stock list | An inventory monitoring plan used for merchandise that quickly goes out of fashion |
| never-out list | An inventory monitoring plan used for best-selling products that make up a large percentage of sales volume |
| perpetual inventory system | An inventory system that tracks the number of items in inventory on a constant basis. |
| physical inventory system | An inventory system where every so often stock is visually inspected or actually counted to determine he quantity on hand |
| real-time inventory systerm | An Internet technology that connects applications, data, and users in real time. |
| stock keeping unit | A unit of a group of related items in a unit control inventory system; the smallest unit used in inventory control |
| unit control | A method of stock control that measures the quantities of merchandise that a business handles during a period of time. |
