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Marketing Chapter 13 Vocab

AB
distribution functioninvolves determining the best methods and procedures to use so that prospective customers can locate, obtain, and use a business's products and services
direct channelthe producer sells the product to the final consumer
indirect channelother businesses between the producer and the consumer perform one or more marketing functions
channel captaina company that takes responsibility to identify channel members, assign distribution activities, help members agree on performance standards, and facilitate communication among channel members
wholesalerscompanies that assist with distribution activities among businesses
wholesale member clubsbusinesses that offer a variety of consumer products to members through a warehouse outlet
retailerthe final business organization in an indirect channel of distribution for consumer products
inventory shrinkagea loss of products due to theft, fraud, negligence, or error
specialty or limited-line retailersbusinesses that offer products from one category of merchandise or closely related items
mixed merchandise retailersbusinesses that offer products from several categories
service retailersbusinesses that have services as their primary offering with a limited number of products for sale that complement the services
non-store retailingselling directly to the consumer at home rather than requiring the consumer to travel to a store
franchisinga business relationship in which the developer of a business idea sells others the rights to the business idea and the use of the business name
atmosphericselements of the shopping environment that appeal to customers, attract them to a store, and encourage them to buy
physical distributionthe process of efficiently and effectively moving products and materials through the distribution channels
warehousea building designed to store large amounts of raw materials or products until they can be used or sold
distribution centera facility used to accumulate products from several sources and then regroup, repackage, and send them quickly to the locations where they will be used
logisticsthe process of efficiently and effectively moving products and materials through the distribution channels


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