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distribution and sale of products
terminology
13
Business
Undergraduate 1
07/05/2009

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Term
distribution
Definition
the selection of the distribution channels to reach and deliver products to customers most efficiently and effectively
Term
distribution channel
Definition
the specific method a company uses to sell and deliver its products to customers
Term
personal selling
Definition
direct face-to-face communication by salespeople with eisting and potential customers to promote a company'ss products
Term
licensed distributors or dealers
Definition
independent companies that buy the rights to distribute, sell, and service its products within a specific geographical area
Term
downstream value chain
Definition
all of the activities related to managing a product from time to time it is made to the time it is delivered and used by customers
Term
exclusive dealerships
Definition
distributors that are licensed to stock and sell only one brand of a product
Term
wholesaler
Definition
intermediary or broker that buys and resells
Term
wholesaler
Definition
intermediary or broker that buys and resells
Term
final customer
Definition
person who actually buys and consumes a product
Term
retailers
Definition
intermediaries who sell other companies' products to the final customer
Term
direct distribution
Definition
when a company delivers and sells products straight to the final customer
Term
distribution mix
Definition
combination of channels it selects to place, promote, deliver, and sell products to customers
Term
complex products
Definition
produts whose qualities and characeristics that make them difficult for customers to evaluate
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