4.5 The four Ps (place) Flashcards
Direct mail
Direct mail refers to promotional material sent directly to people’s homes or places of work, often with personal details gathered from a databasecontaininginformation about known customers.
Direct marketing
Direct marketing refers to any promotional activity that involves making direct contact with customers,e.g. personal selling and direct mail.
Distribution / place
Distribution(or place) refers to the process of getting the right products to the right customers at the right time and place in the most cost-effectiveway.
Distributors
Distributors are independent businesses that act as intermediaries by specialisingin the trade of products made by certain manufacturers.
Intermediaries
Intermediaries are agents or other businesses that act as a middle person in the chain of distribution.
Intermediation
Intermediation is the process of using intermediaries in the chainofdistributionbetweenthemanufacturersandconsumersofa product.
Retailers
Retailers are the sellers of products to the general public (i.e. consumers) that operate in outlets (or ‘shops’ in everyday language).
Speciality channel of distribution
Speciality channel of distribution is any indirect way to distribute products that does not involve retailers, i.e. distribution without the use of intermediaries such as e-commerce, vending machines and mail order.
Telemarketing
Telemarketingrefers to the use oftelephonesystems (audio and text messaging) to sellproducts directly to potential customers.
Wholesalers
Wholesalers are businesses that purchase large quantities of products from a manufacturer and then separate or ‘break’ the bulk-purchases into smaller units for resale, mainly to retailers.