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Distribution/ Channel
Channels of Distribution
What Retailers Do
Components of Physical Distribution
Career Areas Of Retailing
100
A wholesaler or retailer that does assume ownership of manufactured goods
What is Merchant
100
Path that leads directly from manufacturer to the final path
What is Direct Channel
100
What must a retailer do to keep from losing sales, and losing business A)Determining Selling Price B)Displaying Merchandise C) Buying Merchandise
What is Buying Merchandise
100
Refers to all of a businesses' products that are available to sell
What is Inventory
100
Includes the actual store for example heat, air conditioning, carpeting, paint. Job titles include Operations manager
What is Store Operation
200
An individual who does not assume ownership of goods from the manufacturer
What is Agent
200
This path follows more then one step
What is Indirect Channel
200
Fantasia does this every morning on the announcements
What is Advertising and Promoting Products
200
How an item is wrapped or contained
What is Packaging
200
Tries to keep shoplifting from happening. Job titles include Store Detective
What is Loss prevention
300
Bussinesses involved in sales transactions that move products from manufacturer to the final user.
What is Intermediaries
300
A manufacturer also owns it's retail stores
What is Producer Channel
300
The most important task of a retailers; Business won't stay last very long without this happening A)Storing Purchased Goods B)Selling Good or Services C)Determining Selling Prices
What is Selling Good or Services
300
Examples of this include Truck, airplanes, and trains
What is transportation
300
Tracks payments, calculating merchandise discounts. Job titles accounts payable clerk
What is Finance
400
Getting products from production to consumption(Point A to Point B)
What is Distribution
400
An example of this would be: Coca Cola, Pepsi,
What is Manufacturer
400
Finding a fair price for the consumers, but also a profitable price for the retailer
What is Determining Selling Price
400
Steps taken to ensure the satisfaction of its customer base
What is Customer Service
400
Interviewing, hiring, managing employee benefits. Job titles include Personnel Manager
What is Human Resource
500
Includes the manufacturer, means of transporting product to retailer, suppliers, raw material used for product
What is Supply Chain
500
Examples of producer channel
What is Costco's, Sam's, Levi Strauss,( Any manufacturer who owns it's own retail store)
500
Once a customers purchases a product retailers must do this...
What is Servicing Products
500
Fulfillment of product request
What is Processing of Orders
500
Deals with day- to- day operations of thee retailer. Job titles include Assistant Store Manager
What is Store Management