ENTREPRENEURSHIP

Detailed explanation-1: -Agents/Brokers Agents or brokers are individuals or companies that act as an extension of the manufacturing company. Their main job is to represent the producer to the final user in selling a product. Thus, while they do not own the product directly, they take possession of the product in the distribution process.

Detailed explanation-2: -The distribution channel does not include wholesalers, distributors, retailers and agents. Company can have their own brand’s shops located at different locations or customers can also place an order online.

Detailed explanation-3: -Wholesalers act as the intermediaries between manufacturers and retailers. Distributors act as the intermediaries between manufacturers and end-users. Retailers buy products from manufacturers or other intermediaries and sell them to the end consumer.

Detailed explanation-4: -Agents and brokers. Agents and brokers represent manufacturers and serve their interests when trying to attract buyers. Wholesalers and resellers. Distributors. Physical and online retailers. 19-Dec-2022