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mkt Unit 5 Channel Mgmt Vocabulary

AB
agentsIntermediaries who assist in the sale and/or promotion of goods and services but do not take title to them.
BRICK-AND-CLICK:A business that has both a brick-and-mortar business and an online store.
BRICK and MORTAR:Refers to businesses that have physical (rather than virtual or online) presences - in other words, stores (built of physical material such as bricks and mortar) that you can drive to and enter physically to see, touch, and purchase merchandise.
BROKERSNegotiates the sale of the product then allows the seller to accept or reject the prospective buyer’s offer.
bulk breakingThe wholesaler takes delivery in large amounts and then breaks it down and delivers it in much smaller amounts.
channelA path through which goods and services flow in one direction (from vendor to the consumer), and the payments generated by them that flow in the opposite direction (from consumer to the vendor). Means employed to distribute goods or services from producers to consumers.
CHANNEL BREADTH:The number of outlets available to consumers.
channel intensityRefers to the number of intermediaries present in the distribution or marketing channel.
channel lengthThe total number of channel members in a channel of distribution.
CHANNEL MANAGEMENT:Processes by which marketers ensure that products are distributed to customers efficiently and effectively. A marketing function that involves identifying, selecting, monitoring, and evaluating sales channels
channel membersBusinesses or individuals who assist in moving goods and services from the producer to the consumer.
CHANNELS OF DISTRIBUTIONPaths, or routes, that goods or services take from the producer to the ultimate consumer or industrial user.
consumer goodsTangible items produced for personal use.
CONSUMER GOODS AND SERVICES:Products produced for personal consumption.
CONTRACTUAL EFFICIENCYChannel intermediaries have to optimize the number of exchange relationships required to complete a transaction.
DIRECT DISTRIBUTIONA channel of distribution in which goods and services move directly from the producer to the consumer or industrial user.
DISINTERMEDIATIONThe elimination of intermediaries, or middlemen, that result in the transfer of products directly from the producer to the ultimate consumer.
DISTRIBUTIONA marketing/business function that is responsible for moving, storing, locating, and/or transferring ownership of goods and services. The process or activity by which income is divided among resource owners and producers. A career that involves performing the activities involved in moving or transferring the ownership of goods or services from producers to consumers.
DISTRIBUTION CENTERa short-term storage centre located close to a major market to facilitate the rapid processing of orders and shipment of goods to customers; unlike a warehouse, the emphasis is on the moving of goods rather than on long-term storage
DISTRIBUTION CHANNELSPaths, or routes, that goods or services take from the producer to the ultimate consumer or industrial user
DISTRIBUTION INTENSITYThe level of market exposure a certain distribution pattern achieves (refers to intensive, selective, and exclusive patterns).
DISTRIBUTION PATTERNSform, grouping, lineup, method, ordering, organization
DISTRIBUTION PROCESSAll the steps involved in the physical movement or the transfer of ownership of a good or service from the producer to the consumer.
distribution systemThe combination of distribution activities that a company uses to distribute its goods or services.
distributorA channel member who helps to sell a business’s products; usually a wholesaler.


Northern Vance High School
Henderson, NC

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