Section 9.4 Flashcards Preview

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Flashcards in Section 9.4 Deck (8)
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1

Distribution

entails all activities involved in getting the right quantity of a product to customers at the right time and at a reasonable cost

2

Intermediaries

retailers or wholesalers who help move products from producers to end users

3

Retailers

buy goods from producers and sell them to consumers, whether in stores, by phone, through direct mailings, or over the Internet

4

Wholesalers

(or distributors) buy goods from suppliers and sell them to businesses that will resell or use them

5

Physical distribution

the process of getting products from producers to customers—entails several interrelated activities

6

Supply Chain

he entire range of activities involved in producing and distributing products, from purchasing raw materials, transforming raw materials into finished goods, storing finished goods, and distributing them to customers

7

Effective supply chain management (SCM)

requires cooperation, not only among individuals within the organization but also among the company and its suppliers and dealers

8

Value Chain

the entire range of its value-creating activities.