Chapter 30 (Place) Flashcards
Channels of distribution
The ways a product gets from the manufacturer to the customer (not the mode of transportation)
Intermediaries
Other businesses that act as a middle person in the distribution channel
Intermediation
The process of incorporating intermediaries
Mail order
Ordering products via the postal system
Multi-channel distribution strategy
Using a range of channels
One-level distribution strategy
One intermediary
Place
The DISTRIBUTION of products
Retailers
Sellers of products to consumers in outlets (shops)
Speciality channels of distribution
A way to distribute products (can be direct or indirect, such as e-commerce)
Two-level distribution channel
Two intermediaries
Wholesalers
Businesses that buy from the manufacturer in large quantities and then breaking them into smaller units to resell
Zero-level distribution channel
Direct distribution, no intermediaries