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MIE 201 Final Exam
Brown
8
Business
Undergraduate 3
05/05/2015

Additional Business Flashcards

 


 

Cards

Term
Distribution or marketing channel
Definition
an organized network of firms that work together to get goods and services from producer to customer
Term
Distribution strategy
Definition
overall plan for moving products to buyers
Term
marketing intermediaries
Definition
brings their products to market
Term
Wholesalers
Definition
sell to organizational customers
Term
Retailers
Definition
sell products to customers for personal use
Term
Contributes of marketing intermediaries
Definition
-Matching buyers and sellers
-Providing market information
-Providing promotional and sales support
-Gathering assortments of goods
-Transporting and storing products
-assuming risks
-providing financing
-completing product solutions
-facilitating transactions and supporting supporting customers
Term
VAR (value-added re-sellers)
Definition
bring specialized technical expertise or provide technical expertise
Term
Merchant wholesalers
Definition
independanctly owned businesses that buy from producers, take legal title to the goods, and then resell them to retailers or organizational buyers
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