Outcome # 1

Question 1

Distribution channel

Answer 1

The institutions transfer the ownership of goods and move goods from the point of production to the point of consumption.

Question 2

Supply chain management

Answer 2

approaches and techniques firms employ to efficiently and effectively integrate their suppliers, manufacturers, warehouses, stores, and transportation intermediaries

in the right quantities, to the right locations, and at the right time.

Question 3

Wholesalers

Answer 3

Those firms engaged in buying, taking title to, often storing, and physically handling goods in large quantities, and then reselling the goods (usually in smaller quantities).

Question 4

Retailers

Answer 4

Sell products directly to consumers.

Question 5

Logistics Management

Answer 5

The integration of two or more activities for the purpose of planning, implementing and controlling the efficient flow of materials from the point of origin to the point of consumption.