Entrepreneurship I: Objective 4.01 Vocabulary Quiz

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

• Wholesalers

• Agents

• Producers

• Retailers

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

• Industrial Distributor

• Channels of Distribution

• Direct Distribution

• Intermediaries

Tangible items produced for personal use

• Goods

• Consumer Goods

• Industrial Goods

• Services

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

• Indirect Distribution

• Intermediary

• Direct Distribution

• Retailer

Tangible objects that can be manufactured or produced for resale

• Services

• Goods

• Products

• Consumer Goods

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

• Direct Distribution

• Indirect Distribution

• Intermediaries

• Middlemen

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

• Retailer

• Wholesaler

• Industrial Distributor

• Producer

Tangible items that will be consumed by industrial users

• Consumer Goods

• Industrial Goods

• Goods

• Services

A business that buys materials, services, or goods that will be used to make other goods or used in the operation of the company

• Industrial User

• Producers

• Retailers

• Wholesalers

Channel members operating between the producer and the consumer or industrial user to help in the movement of goods and services

• Wholesalers

• Retailers

• Intermediaries

• Agents