Business Test #3 Chapter 14

54 cards   |   Total Attempts: 182
  

Cards In This Set

Front Back
Channel distribution
A sequence of marketing organizations that directs a product from the producer to the ultimate user
Middlemen
A marketing org. that links a producer and its user withing a marketing channel
Merchant middlemen
A middlemen that actually takes a title to products by buying them
Functional middlemen
A middlemen that helps in the transfer of ownership of products but does not take a title to the products
Retailer
A middlemen that buys from producers or other middlemen and sells to consumers
Wholesaler
a middlemen that sells products to other firms
Intensive distribution
The use of all available outlets for a product
Selective distribution
The use of all available outlets for a product in each geographic area
Exclusive distribution
The use of only a single retail outlet for a product in a large geographic area
Supply-chain management
Long term partnership among channel members working together to create a distribution system that reduced inefficiencies, costs, and redundancies while creating a competitive advantage and satisfying customers
Vertical channel integration
The combining of two or more stages of a distribution channel under a single firms management
Merchant wholesaler
A middlemen that purchases goods in large quantities and then sells them to other wholesalers or retailers and to institutional, farm, government, professional, or industrial users
General merchandise wholesaler
A middlemen that deals in a wide variety of products
Limited line wholesaler
A middleman that stocks only a few product lines but carries numerous product items within each line
Specialty line wholesaler
A middleman that carries a select group of products within a single line