ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the most common channel of distribution for large industrial goods?
A
Producer to retailer to consumer
B
Producer to wholesaler to retailer to consumer
C
Producer to agent to industrial distributor to user
D
Producer to industrial user
Explanation: 

Detailed explanation-1: -Producer to wholesaler to retailer to consumer. This is the most common channel of distribution for consumer goods. Wholesalers buy large quantities from producers and divide them into smaller units for sale to retailers. The wholesaler is able to provide the retailer with a variety of products from which to choose.

Detailed explanation-2: -Most commonly, the direct distribution model is used for selling industrial products: manufacturer/producer to the industrial user. Since this is about a B2B sales process that does not have a significantly branched out market, this model is completely applicable.

Detailed explanation-3: -Producer to Wholesaler to Retailer to Consumer Channel: This is also the most common method of distribution under which the producer sells to the wholesaler who, in turn, sells to the retailer, who finally sells to the consumer.

Detailed explanation-4: -Producer to industrial user. Producer to industrial distributor to industrial user. Producer to agent to industrial user. Producer to agent to industrial distributor to industrial user.

There is 1 question to complete.