Business and Economics Terms

Front

Agents

Back

Intermediaries that assist in the sale and/or promotion of goods and services but do not take title to them.

Front

Direct channels

Back

A channel in which goods and services move directly from the producer to the consumer.

Front

Indirect channels

Back

A channel in which goods and services move from the producer to intermediaries and then to consumers.

Front

Industrial user

Back

A business that buys raw materials that will be used to make other goods in the manufacturing process.

Front

Intermediaries

Back

Channel members operating between the producer and the consumer to help in the movement of goods and services.

Front

Middlemen

Back

A more common term for intermediaries.

Front

Producer

Back

The people who make or provide goods and services.

Front

Retailers

Back

A business that buys consumer goods or services and sells them to the ultimate consumer.

Front

Ultimate consumer

Back

People who personally use a good or service to satisfy their own needs or wants; also known as final consumers.

Front

Wholesalers

Back

Intermediaries that help move goods between producers and retailers by buying goods from producers and selling them to retailers.