BUSINESS ADMINISTRATION
RETAIL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Producing goods
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creating products
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eliminating products
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intermediary between distributors and final consumers
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Detailed explanation-1: -Retailers introduce new products to the customers and also guide them with the usage of the products. Retailers can provide additional services like free home delivery or after sales services. Retailers purchase and maintain a stock of those products which are mostly demanded by the customers.
Detailed explanation-2: -Channel intermediaries, whose main purpose is to deliver product from the manufacturers to the end users. The purpose of a channel intermediary is to move products to consumers, whether business or consumer. Some intermediaries take title, or ownership, of the product from the producer.
Detailed explanation-3: -They act as agents between the original creator of the merchandise and the consumer who makes the last purchase. Companies need channel intermediaries in order to deliver goods to their customers, making them a vital part of the distribution process.