Unit 4 Review Entrepreneurship 1

It is concerned with how goods and services reach customers.

• Indirect Channel

• Distribution

• Producers

• Manufacturing

A channel of distribution that only involves the producer and the customer.

• Direct Channel

• Distribution

• Indirect Channel

• Retail

A channel of distribution that introduces an intermediary into the distribution process

• Direct Channel

• Distribution

• Indirect Channel

• Network

It sells the goods or provides the service directly to the consumer with no involvement of a middleman such as an intermediary, wholesaler, retailer, agent, or/and reseller.

• Indirect Channel

• Distribution

• Producers

• Monopoly

An Indirect Channel which sells goods to the public, often in a physical shop.

• E-commerce

• E-tailer

• Retailer

• Producer

A toy store purchased 200 stuffed animals.

• buying for resale

• buying for transformation

• buying for business use

A farmer purchased a new tractor

• renting for personal use

• buying for resale

• buying for business use

• buying for transformation

A grocery store purchased boxes of cereal.

• buying for resale

• buying for transformation

• buying for business use

• donating to a food bank

A floral shop purchased roses for Valentine's Day.

• buying for transformation

• buying for wholesale

• buying for resale

• buying for business use

A high school purchased a new oven for the cafeteria.

• buying for transformation

• buying for business use

• buying for resale

• leasing for educational use