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Intro to Marketing CHAPTER 22

AB
Physical DistributionComprises all the activities that help to ensure that the right amount of product is delivered to the right place at the right time
TransportationThe marketing function of moving products from a seller to a buyer
Common CarriersProvide transportation services to any business in its operating area for a fee
Contract CarriersFor-hire carriers that provide equipment and drivers for specific routes, according to agreements between the carrier and the shipper
Private CarriersTransport goods for an individual business
Exempt CarriersCommonly carry agricultural products and are free from direct regulation of rates and operating procedures
Ton-MileThe movement of one ton of freight one mile
CarloadThe minimum number of pounds of freight needed to fill a boxcar
Freight ForwardersPrivate companies that combine less-than carload or less-than truckload shipments from several differnet businesses and deliver them to their destinations
StorageThe marketing function of holding goods until they are sold
Private WarehouseA facility designed to meet the specific needs of its owner
Public WarehouseOffers strorage and handling facilities to individuals or companies
Distribution CenterA warehouse designed to speed delivery of goods and to minimize storage costs
Bonded WarehousesEither public or private and stores products that require the payment of a federal tax



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