distribution Flashcards
(25 cards)
Front (Question)
Back (Answer)
What is distribution?
The process of getting goods from producers to consumers.
What are two types of distribution channels?
Direct and indirect.
What is a share?
A unit of ownership in a company.
Who are shareholders?
People who own shares in a company.
What are equity shares?
Shares with voting rights and dividends based on profit.
What are preference shares?
Shares with fixed dividends, paid before equity shareholders.
What is the first stage in forming a company?
Promotion.
What is incorporation?
Legal registration of the company.
What is a Certificate of Incorporation?
Legal proof that a company exists.
Who is a wholesaler?
A person or business that buys in bulk from producers and sells to retailers.
Name one role of a wholesaler.
Provides storage, reduces burden on producers, gives credit to retailers.
Who is a retailer?
A person or business that sells goods directly to consumers.
Name one function of a retailer.
Provides customer service, feedback to producers, offers variety.
Name two types of bank accounts.
Savings and current accounts.
What is NEFT or RTGS used for?
Fund transfers.
Name two banking services.
ATM services, loans, mobile banking.
What is a cheque?
A written order to a bank to pay money to someone.
Who is the drawer of a cheque?
The person who writes the cheque.
What is a bearer cheque?
A cheque that can be cashed by anyone holding it.
What is foreign trade?
Trade between different countries.
What is importing?
Buying goods from other countries.
What is exporting?
Selling goods to other countries.
