BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They earn a handsome profit from new business
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They are familiar with the needs of the market
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They do not bother if entrepreneur bears a loss
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They have well-developed sales force
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Detailed explanation-1: -Members of distribution channels are excellent sources for new ideas because: They are familiar with the needs of the market. They earn a handsome profit from new business.
Detailed explanation-2: -– Member of the distribution channels are also excellent sources for new ideas because of their familiarity with the needs of the market.
Detailed explanation-3: -Expert-Verified Answer. Market research is an important source of Idea generation due to familiarity with the needs of the market.
Detailed explanation-4: -Distribution channels are important to businesses as they allow for the smooth delivery of goods or services to a customer. If a business does not source the best collection of businesses for this purpose, it can lead to unhappy customers and an inadequate provision of services.
Detailed explanation-5: -Distribution channels include wholesalers, retailers, distributors, and the Internet. In a direct distribution channel, the manufacturer sells directly to the consumer. Indirect channels involve multiple intermediaries before the product ends up in the hands of the consumer.