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25 Cards in this Set
- Front
- Back
Closed Sales Territory |
It restricts their distributors to certain geographic regions. |
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Selective Distribution |
When a firm selects a few retail outlets in a specific geographical area to carry its products. |
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Physical Distribution |
It refers to a road range of activities related to efficient movement of finished goods. |
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Direct Marketing Channel |
It allows consumers to buy products by interacting with various advertising media. |
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Forward Integration |
When the firm attempts to control downstream distribution l. |
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Marketing Intermediary |
An organization that operates between producers and consumers or business users. |
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Brokers |
These are independent firms or individuals whose principal function is to bring buyers and sellers together to make sales. |
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Selling Agents |
They represent a single producer and are responsible for the entire marketing function of that product. |
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Wholesaler |
A marketing intermediary that takes title to the goods it handles and then distribute these goods to retailers, other distributors and end consumers. |
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Product Management |
It is the aspect of marketing that deals with the specifications of the actual good or service. |
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Gray Products |
Products manufactured abroad under license from U.S. firm. |
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Materials Handling System |
Activities for moving products within plants, warehouses, and transportation terminals. |
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Reverse Channel |
A marketing channel that are designed to return goods to their producers. |
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Backward Integration |
Manufacturer attempts to gain greater control over inputs to production process. |
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Temporal Discrepancy |
A situation that occurs when a product is produced but a customer is not ready to buy it. |
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Supply Chain |
A complete sequence of suppliers and activities that contribute to the creation and delivery of merchandise. |
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Supply Chain Management |
The control of the activities of purchasing, processing, and delivery through which raw materials are transformed into products. |
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Intermodal Operations |
Refers to the combination of transport modes to improve customer service. |
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Intensive Distribution |
A firm that tries to place its products or services in as many outlets as possible. |
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Contract Carriers |
For-hire transporters. |
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Tying Agreement |
Requires a marketing intermediary to carry items other than those they want to sell. |
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Spatial Discrepancy |
The difference between the location of a producer and the location of widely scattered market. |
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Private Carriers |
Transporters that provide service solely for internally generated freight. |
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Distribution |
The movement of goods and services from producers to consumers. |
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Marketing |
The craft of linking the producers of a product or service with customers. Both existing and potential. |