What is made up of the company, suppliers, distributors, and customers?
What is the Value Delivery Network
100
What is the term used to describe the removal of an intermediary from an industry?
What is Disintermediation
100
What is the term used to describe the planning, implementing, and controlling of the physical flow of goods and services from point A to point B?
What is Physical Distribution
100
What is retail and what are examples of common retailers?
Retail- selling to final customers; target, walmart, etc.
100
What are the two distribution metrics we learned in this section?
What is All Commodity Volume (ACV) and Product Category Volume
200
What type of distribution channel involves no intermediaries?
What is Direct Channel
200
The arrival of travel websites like Expedia, represents what vocab term?
What is Reintermediation
200
What is the term used to describe the flow of payment between firms?
What is Title Flow
200
Candle shops in November and December and halloween stores in October are examples of what kind of retail channel?
What is Popup stores
200
Which metric (product category or all commodity volume) is more likely to be used today?
What is Product Category Volume
300
What type of distribution channel involves one or more intermediaries?
Indirect channel; multi channel
300
What are the three types of distribution used to determine how many outlets a product will be available in?
What is Selective, Intensive, and exclusive distribution
300
These are used for the long term storage of items
What is a Warehouse
300
The term used to represent the merging of consumers, products, prices and retailers today?
What is Retail Convergence
300
What is the problem with All Commodity Value as a way of measuring distribution?
It only takes into account the number of stores a product is in and does not consider that one large store may sell much more than 10 small stores
400
What includes the series of firms and individuals that facilitate the movement of a product from the producer to the final customer?
What is Distribution Channel (marketing channel)
400
Your company produces luxury goods, what type of distribution would you use?
What is Exclusive Distribution
400
Today, companies are trying to reduce warehousing costs, so these are being used instead because they are designed to move goods instead of just storing them?
What is Distribution Centers
400
What is the term used to describe things that were previously not connected, that retailers today should focus on connecting to enhance the customer experience?
What is Dark Assets
400
What is the formula for ACV (all commodity volume)?
=Total $ sales of stores carrying our brand / Total $ sales of outlets available
500
What is the value added from using an intermediary?
Intermediaries help by creating utility and transaction efficiency
500
What type of distribution would be used from products such as furniture, tvs and home appliances?
What is Selective Distribution
500
What are the two main goals of logistics today?
What is maximizing customer service, and minimizing distribution costs
500
The process of searching for an item, buying the item, and then sharing about the item online is know as?
What is Pretail - Retail- Post-tail
500
What is the formula for product category volume?
=Total category $ sakes if stores carrying our brand / total $ category sales of outlets available