Unit 5 Entrepreneurship Test Review - Business Model

A description of business structure that will allow it to feasibly work.

• business model

• distribution channel

• manufacturer

• retailer

Series of steps through which products flow into or out of a business.

• product chain

• distribution chain

• intermediary

• distribution management

Management of materials and processes associated with incoming and outgoing products.

• distribution management

• distribution chain

• human resources

• trade businesses

Term used to refer to a wholesale business or a retail business.

• direct channel

• indirect channel

• distribution chain

• trade businesses

Bridge between a producer and a consumer.

• retailer

• wholesaler

• distributor

• intermediary

Distribution pathway in which the product goes from the producer to one or more intermediaries before it reaches the consumer.

• direct channel

• indirect channel

• distribution chain

• business model

Business that buys goods in large quantities and resells them in smaller batches to retailers.

• retailer

• wholesaler

• distributor

• intermediary

Distribution pathway in which a product goes from the producer straight to the consumer.

• direct channel

• indirect channel

• wholesaler

• distribution chain

Business that buys and resells the goods in small quantities directly to consumers.

• wholesalers

• distributors

• manufacturers

• retailers

Handling and organizing of materials, equipment, goods, and workers.

• distribution management

• logistics

• service business

• financial resource