INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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We can more easily obtain products from all over the world.
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Producers must spend more money.
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Retailers must spend more money.
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We spend more time looking for products we want.
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Detailed explanation-1: -Which of the following is a benefit of channels of distribution? We can more easily obtain products from all over the world.
Detailed explanation-2: -Retailer Retail is the most common distribution channel for consumer brands, using third-party outlets to bring products to market. Supermarkets, big-box stores, convenience stores and department stores all act as intermediaries and the point of contact for customers.
Detailed explanation-3: -Distribution channels include wholesalers, retailers, distributors, and the Internet.
Detailed explanation-4: -A distribution channel is a network of businesses or intermediaries through which a good or service is purchased by the final buyer. Wholesalers, retailers, distributors, and the Internet are all examples of distribution channels.