Marketing Semester Test Review Unit 10

This is the path a product takes from producer or manufacturer to the final user.

• Path of Production
• Channel of Distribution
• Path of Industrialization
• Channel of Management

Goods or services are sold by the producer to the final user; no intermediaries are involved.

• Direct Distribution
• Indirect Distribution

Goods or services are sold using one or more intermediaries.

• Direct Distribution
• Indirect Distribution

Any channel member that help move products from the producer or manufacturer to the final user.

• Intermediary
• Wholesaler
• Retailer
• Vendor

The final business organization in an indirect channel of distribution for consumer products.

• Intermediary
• Wholesaler
• Retailer
• Vendor

Buys in large quantities, takes possession of the goods and resells to other businesses such as retailers. 

• Intermediary
• Wholesaler
• Retailer
• Vendor

The business or someone who promotes or exchanges products/services for money.

• Invoice
• Vendor
• Inventory

An itemized billing statement with terms of payment for the order.

• Invoice
• Vendor
• Inventory

The assortment of products maintained by a business.

• Invoice
• Vendor
• Inventory

Inventory level is kept low and resupplied just as it is needed.

• Just in Time Inventory Management
• Physical Inventory Manageement
• Perpetual Inventory Management