Entrepreneurship II: Objective 3.05 Vocabulary Quiz

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

• Agents

• Distributor

• Consumer

• Retailer

Paths, or routes, that goods or services take from the producer to the ultimate consumer or industrial user

• Retailers

• Channels of Distribution

• Wholesalers

• Middlemen

Anyone who uses goods and services

• Ultimate Consumers

• Consumer

• Industrial User

• Agents

Tangible items produced for personal use

• Consumer Goods

• Industrial Goods

• Product

• Service

A channel of distribution in which goods and services move directly from the producer to the consumer or industrial user

• Intermediaries

• Direct Distribution

• Indirect Distribution

• Distributor

A chain of businesses or intermediaries through which a good or service passes until it reaches the final buyer or the end consumer.

• Middlemen

• Distribution Channel

• Producers

• Wholesalers

A channel member who helps to sell a business’s products; usually a wholesaler

• Producer

• Distributor

• Retailer

• Middlemen

Tangible objects that can be manufactured or produced for resale

• Goods

• Services

• Industrial Goods

• Consumer Goods

A channel of distribution in which goods and services move from the producer to intermediaries and then to consumers or industrial users

• Distributor

• Direct Distribution

• Indirect Distribution

• Middlemen

A channel member that buys industrial goods and sells them to industrial users

• Middlemen

• Industrial Distributor

• Wholesaler

• Retailer