CHAPT 7 Flashcards

(54 cards)

1
Q

is the process of bringing the goods produced or services rendered by the company to the ultimate consumer.

A

distribution

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2
Q

refer to the pathways or routes through which goods or services flow from producers to consumers. It ensure that products reach the right customers efficiently and at the right time.

A

distribution channel

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3
Q

what are the types of distribution channel

A

direct, indirect, hybrid channels

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4
Q

Involves no intermediaries; the producer sells directly to the consumer. Example: Direct sales, door-to-door selling, factory outlets Involves intermediaries between the producer and the consumer

A

direct channels

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5
Q

involves intermidiaries between the producer and the consumer

A

indirect channels

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6
Q

combines direct and indirect channels

A

hybrid channels

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7
Q

what are the types of distribution activities

A

order processing
packaging
warehousing
transportation
inventory control
customer service

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8
Q

Regarded as the input to customer service satisfaction. It consist of receiving, recording, filling, and assembling of products for shipping

A

order processing

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9
Q

an essential function to do in supply chain management. it shields products from breakages, helps in well organized distribution, and conveys messages about products to the customers

A

packaging

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10
Q

is holding and preserving products from time of their productiona until their sale

A

storage

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11
Q

is much broader concept that includes storage and other functions like assembling, breaking the volume, shipping based on need, arranging product for reshipping, logistics and so on.

A

warehousing

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12
Q

the movement of goods, people, or services from one place or another using various models such as land, sea, air, or rail

A

transportation

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13
Q

are those companies that offer transfortation facilities to other

A

carriers

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14
Q

the processes and techniques used to manage and regulate the stock of goods in business, ensuring the right amount of inventory is avilable at the right time and place. it fpoccuses on minimizing costs while meeting customer demand and avoiding overstock or stockouts.

A

inventory control

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15
Q

support and assistance provided by the business to its consumer before, during, and after purchasing its products or services. it directly impacts custromer satisfaction, loyalty, and overall business success.

A

customer services

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16
Q

also known as middlemen, are very essential component of a
company’s distribution channel

A

intermidiaries

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17
Q

TYPES OF DISTRIBUTION INTERMEDIRIES

A

agent or brokers
wholesalers
distributors
retailers

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18
Q

These are individuals or companies that act as representatives for businesses. They help in connecting buyers and sellers or facilitate deals.

A

agents or brokers

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18
Q

is a business or individual that purchases goods in bulk directly from manufacturers or distributors and resells them, usually in smaller quantities, to retailers, other businesses, or institutions.

A

wholesalers

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19
Q

act as intermediaries in the supply chain, bridging the gap between producers and the final point of sale

A

WHOLESALERS

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20
Q

is selling pf commodities to everyone either to a person or an organization but not to the final consumers of those goods.

A

wholesaling

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21
Q

responsible for buying goods and services on behalf of a business or organization. They act as the organization’s representative in procurement activities.

A

purchasing agent

22
Q

a third-party intermediary that assists in making a transaction but does not take ownership of goods or directly negotiate purchases.

A

facilitating agent

22
Q

two types of agents or brokers

A

purchasing agent
facilitating agent

22
Purchases goods from manufacturers or suppliers and sells them to retailers, businesses, or directly to consumers, often with exclusive rights in a region.
distributors
23
A company that buys bulk electronics from manufacturers and sells them in large quantities to electronics retailers.
wholesaler
24
A company that buys smartphones from a manufacturer and has exclusive rights to sell those smartphones to retail stores and even directly to businesses in a specific country or region. The _______ might also provide marketing support, warranty services, and product training to the retailers.
distributor
25
is a business or individual that sells goods or services directly to end consumers for personal use. ______ typically buy goods from wholesalers, distributors, or manufacturers and sell them in smaller quantities, often in a physical store, online, or both. They are the final step in the supply chain before the product reaches the consumer.
retailers
26
There are no intermediaries in this channel; the producer sells directly to the end consumer. Producer → Consumer
zero level channel
26
levels of distribution channels
zero level channel one levelk channel two level channel three level channel
27
Contains one selling intermediary, usually a retailer. Producer → Retailer → Consumer
one level channel
28
This channel includes two intermediaries: wholesalers and retailers.Producer → Wholesaler → Retailer → Consumer
two level channel
29
This channel involves agents or brokers in addition to wholesalers and retailers.Producer → Agent/Broker → Wholesaler → Retailer → Consumer
three level channel
30
levels of distribution coverage
mass coverage selective coverage exclusive coverage
31
Also known as intensive distribution. Products are made available through as many outlets as possible to maximize exposure and sales.
mass coverage
32
government regulation and policies
fair trade and consumer protection distribution of regulated goods import and export regulations ecommerce and digital distribution
32
Products are distributed through a limited number of carefully chosen outlets to maintain a balance between market coverage and bra ndcontrol.
selective coverage
32
Products are distributed through a single or very few exclusive outlets in a specific geographic area
exclusive coverage
33
Requires proper labeling, warranties, and after-sales service.
fair trade and consumer protection
34
Requires licenses for distributors, wholesalers, and retailers dealing in FDA-regulated products.
distribution of regulated goods
35
Requires proper documentation for importers and distributors of foreign goods.
import and export regulations
36
Regulates the digital distribution of goods and services, including online marketplaces.
e commerce and digital distribution
37
the process of sourcing and acquiring raw materials, components, or services required for production
procurement
37
refers to managing the flow of physical goods and related information from initial souring to final consumption to satisfy customers at a profit.
supply chain management
38
The main goal of supply chain management is to
design plan manage execute supply
39
transforming raw materials into finished goods using labor, machinery, and processes
production and manufacturing
40
monitoring and controlling stock levels to meet demand without overstocking or understocking
inventory management`
41
sorting goods at various stages of the supply chain until they are needed for production or delivery
warehousing and storage
42
fuctions of supply chain management
procurement production and manufacturing inventory management warehousing and storage transportation and logistics demand planning and forecasting order fulfillment customer relationship management reverse logistics
43
managing the movement of goods across the supply chain from suppliers to customers
transportation and logistics
44
anticipating customers demand to align supply chain activities with market needs
demand planning and forecasting
45
managing processes from receiving customer orders to delivering the products
order fulfillment
46
building and maintaining strong relationships with customers through service and support
customer relationship management
46
Managing the return flow of goods from customers back to the company
reverse logistics