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Flashcards in Shops Deck (11):
1

Retailer

Is someone who sells finished goods to consumers (a shop)

2

Wholesaler

A company or person who buys large quantities of goods from many manufacturers and sells them onto retailers

3

Cash and carry wholesalers

Act as super market to retailers, consumers are permitted in them

4

The chain of production

Processing stages that good services go through before it is sold to consumer

5

What are the 3 sectors of the economy

Primary sectory
Secondary sectory
Tertiary sectory

6

Primary sectory

Made up of industries who take materials from land or sea, example- farming and fishing

7

Secondary sector

The manufacturing and construction sector, example- clothing, food and building industries

8

Tertiary

Provides services for all sectors example- doctors and accountant

9

Channels of distribution

Are methods used to transfers finished goods from manufactures to consumers

10

Cash and carry wholesalers differ from traditional wholesalers because...

They do not deliver goods
They operate on a self service basis
Their prices tend to be lower from traditional wholesalers

11

Factors when choosing a delivery system cd

Cost
Reliability
Convienience
Speed
Type of good being delivered
Destination