Global Distribution of Goods Flashcards

1
Q

consumer

A

a person who uses goods and services in order to satisfy their needs and wants

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

consumerism

A

the social and economic ideology that encourages the acquisition of goods and services in ever increasing amounts

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

import and export

A

the activity of bringing goods and services into a country from abroad, the activity of sending goods and services to another country for sale

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

distribution

A

the movement of goods and services from the source

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

chain of distribution

A

the process whereby products reach the people who buy them

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

marketing

A

the action of promoting and selling products or services

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

agents in the distribution chain of goods

A

producer, wholesaler, retailer, consumer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

producer

A

a person or business organization that grows, creates a product or service to be sold

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

wholesaler

A

a person or organization that buys a product directly from the producer in bulk and stores it to be resold for a profit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

retailer

A

a person or business that buys from either the wholesaler or producer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

consumer in distribution chain of goods

A

buys product at end of chain, can also buy directly from wholesaler or even producer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

agents in distribution chain of services

A

producer-consumer, producer-retailer/broker-consumer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

market research

A

the activity of gathering information about the consumer

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

market research methods

A

surveys, interviews, focus groups, observation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

surveys

A

ask users open ended or clos ended questions as questionnaire or via email, easy, inexpensive, alot of data quickly

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

interview

A

one-on-one conversations, nonverbal cues, greater in depth to needs and wants

17
Q

focus groups

A

brings together people who fit company’s target market and spark conversation

18
Q

observation

A

someone from company watches ideal user engage with product without influence of others

19
Q

social media as a market research tool

A

no. of likes, followers, shares, comments, pageviews, hashtags, posts

20
Q

advertisement

A

a notice to the public about goods and services

21
Q

types of advertisement and …..

A

informative-information

persuasive-vivid, emotion, encouraging

22
Q

advantages and disadvantages of advertisement

A
  • informs consumers in comfort of their home - allows them to make choices given the vast array of goods -competition keeps price low,
  • encourages consumerism, expensive to advertise for small businesses
23
Q

types of persuasive advertisements

A

sex appeal, authority, instant ness, good life