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Chapter 13
Marketing Core e/3
16
Marketing
Undergraduate 1
04/27/2010

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Term
Marketing Channels 
Definition
individuals and firms involved in the process of making a product or service available for use or consumption by consumers or industrial users 
Term
Middleman 
Definition
any intermediary between manufacturer and end user markets
Term
Agent/Broker
Definition
any intermediary with legal authority to act on behalf of the manufacturer
Term
Wholesaler 
Definition
intermediary selling to other intermediaries (usually to retailers)
Term
Retailer
Definition
intermediary that sells to consumer
Term
Distributor 
Definition
describes intermediaries who perform distribution functions 
Term
Dealer
Definition
more precise term than distributor that can mean distributor, retailer, wholesaler etc  
Term
Transactional Function
Definition
Buying, Selling Risk Taking
Term
Logistical Function
Definition
Assorting, Storing, Sorting, Transporting
Term
Facilitating Function
Definition
Financing, Grading, Marketing information and research 
Term
Intense Distribution
Definition
Firm places its product or service in as many outlets as possible
Term
Exclusive Distribution
Definition
Only one retail outlet in a specific geological area carries the firms products
Term
Selective Distribution
Definition
Firm selects a few retail outlets in a specific geological area to carry its products
Term
Multi Channel Distribution
Definition
Blending of different communication and delivery channels that are mutually reinforcing in attracting, retaining, and building relationships with consumers
Term
Duel Distribution
Definition
Arrangement whereby a firm reaches different buyers by using two or more different types of channels for the same basic product 
Term
Strategic Channel Alliances
Definition
One firms marketing channel is used to sell another firms products
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