Channels of Distribution
Makes or provides goods and services
Producer
Businesses that buy goods from producers or agents and sell them to retailers
Wholesalers
Designed to provide stability, predictability, as well as certainty, for buyers and sellers in the marketplace.
What is Contract Law
List 3 Critical-Thinking skills to determine the best options/outcomes...
Curiosity, Confronting, Creativity, etc.
Activities related to the production and distribution of goods and services in a particular geographic region
What is the economy
Ultimate Consumer
Businesses or individuals that assist in the sale and/or promotion of goods and services but do not buy them from the producer.
Agents
Sale of a good, or item of value, is a transaction designed to benefit both buyer and seller.
What is Sales Law
If you are "fully devoting yourself to developing your creative abilities", what trait are you possessing?
Commitment
Businesses comparing themselves to one another and trying to be better than the other.
What is competition?
Paths or routes that goods and services take from the producer to the ultimate consumer or industrial user.
Channels of Distribution
Buy big and sell small
Develop an assortment of goods
Transport and store goods.
What is the importance of intermediaries?
Governs the lease, sale, and use of land as well as buildings that are mainly used for business purposes.
What is Commercial Property Law
If you "have a rich understanding of the topic" what trait are you possessing?
Expertise.
The application of scientific knowledge for practical purposes especially in industry, machinery, and equipment
What is technology?
Business that buys materials, services, or goods that will be used to make other goods, or used in the operation of a company.
Producer to consumer
Producer to retailer to consumer
Producer to wholesaler to retailer to customer
Producer to agent to retailer to consumer
Patents
Copyrights
Works
Trademarks
etc.
What are the types of Intellectual Property?
Brainstorming
Age , Gender, Income , Family Status , Education , etc.
What are demographics?
Businesses that buy consumer goods and sell them to ultimate consumers
Producer to industrial user
Producer to industrial user to user
Producer to agent to user
Producer to agent to industrial distributor to user
What are the Channels for Industrial Goods
Business owners who can't afford to pay back their creditors may file for bankruptcy
What is Bankruptcy Law
A way to visually connect ideas and look for innovative answers to questions
The governing body of a nation, state, or community
What is the government?