GENERAL KNOWLEDGE

Detailed explanation-1: -B2C businesses sell goods and services directly to consumers. A consumer is an end user who buys a product or service for personal use. Though many businesses sell their own products, this is not a requirement for the B2C model; many B2C companies resell other businesses’ products.

Detailed explanation-2: -Retailers buy goods from producers and sell them to consumers, whether in stores, by phone, through direct mailings, or over the Internet. Wholesalers (or distributors) buy goods from suppliers and sell them to businesses that will resell or use them.

Detailed explanation-3: -What Are the 5 Types of Business-to-Consumer Models? Typically, B2C models fall into the following five categories: direct sellers, online intermediaries, advertising-based B2C, community-based, and fee-based.

Detailed explanation-4: -A distribution channel represents a chain of businesses or intermediaries through which the final buyer purchases a good or service. Distribution channels include wholesalers, retailers, distributors, and the Internet. In a direct distribution channel, the manufacturer sells directly to the consumer.

Detailed explanation-5: -A distribution channel is the path used to get a product from the manufacturer or creator to the end user. In other words, how the customer gets their product after purchase, which often include intermediaries. Distribution channels can be long or short, direct or indirect.