and Correct Answers 2025
Channel ,Members ,- ,CORRECT ,ANSWER-firms ,that ,a ,company ,partners ,with ,to
,actively ,promote ,and ,sell ,a ,product ,as ,it ,travels ,its ,marketing ,channel ,to ,users
What ,is ,the ,simplest ,form ,of ,a ,marketing ,channel? ,- ,CORRECT ,ANSWER-Consists
,of ,just ,two ,parties ,- ,producer ,and ,consumer
ex: ,getting ,a ,haircut
Intermediaries ,- ,CORRECT ,ANSWER-Businesses ,involved ,in ,selling ,the ,goods ,and
,services ,of ,producers ,to ,consumers ,and ,other ,businesses. ,- ,Aka ,the ,orgs ,that ,a
,product ,passes ,through ,prior ,to ,getting ,to ,you
What ,are ,the ,4 ,forms ,of ,utility ,or ,value ,a ,channel ,offers? ,- ,CORRECT ,ANSWER-
time, ,form, ,place, ,ownership
Supply ,Chain ,- ,CORRECT ,ANSWER-the ,group ,of ,firms ,that ,make ,and ,deliver ,a
,given ,set ,of ,goods ,and ,services
Supply ,Chain ,Management ,- ,CORRECT ,ANSWER-when ,firms ,are ,constantly
,monitoring ,their ,supply ,chains ,and ,adjust ,them ,so ,they ,are ,at ,their ,most ,efficient
Wholesalers ,- ,CORRECT ,ANSWER-obtain ,large ,quantities ,of ,products ,from
,producers, ,store ,them, ,and ,break ,them ,down ,into ,cases ,and ,other ,smaller ,units
,more ,convenient ,for ,retailers ,to ,buy.
Three ,types ,of ,wholesalers ,- ,CORRECT ,ANSWER--Merchant ,wholesalers
-Brokers ,and ,agents
-Manufacturers' ,and ,retailers' ,branches ,and ,offices
Retailers ,- ,CORRECT ,ANSWER-buy ,products ,from ,wholesalers, ,agents, ,or
,distributors, ,and ,then ,sell ,them ,to ,consumers. ,(supermarkets, ,convenience ,stores,
,specialty ,stores, ,department ,stores, ,superstores, ,warehouse ,clubs, ,outlets, ,online
,retailers, ,used ,retailers, ,pop ,ups, ,direct ,marketing)
, What ,is ,the ,strongest ,marketing ,channel? ,- ,CORRECT ,ANSWER-two; ,producer ,to
,consumer ,- ,called ,DIRECT ,CHANNEL
indirect ,channel ,- ,CORRECT ,ANSWER-includes ,one ,of ,more ,intermediaries
industrial ,distributors ,- ,CORRECT ,ANSWER-firms ,that ,supply ,products ,that
,businesses ,of ,government ,departments ,& ,agencies ,use ,but ,do ,not ,re-sell
disintermediation ,- ,CORRECT ,ANSWER-cutting ,out ,the ,middle ,man ,- ,aka
,intermediaries
Why ,is ,using ,multiple ,channels ,a ,good ,idea/effective? ,- ,CORRECT ,ANSWER-the
,more ,channels ,your ,customers ,utilize, ,the ,more ,loyal ,they ,are ,likely ,to ,be ,towards
,your ,product
Strategic ,channel ,alliances ,- ,CORRECT ,ANSWER-companies ,working ,together ,to
,maximize ,distribution ,ex: ,Harley ,Davison ,and ,Best ,Western ,partnership
International ,Marketing ,Strategy ,- ,CORRECT ,ANSWER-sometimes ,difficult ,to
,penetrate ,due ,to ,government ,regulations ,and ,or ,corruption. ,two ,ways ,to ,penetrate
,are ,through ,joint ,ventures ,and ,by ,exporting ,your ,products
Push ,strategy ,- ,CORRECT ,ANSWER-manufacturer ,convinces ,wholesalers,
,distributors, ,or ,retailers ,to ,sell ,it's ,products. ,issue ,with ,this ,is ,that ,it ,doesn't ,focus ,on
,the ,needs ,of ,the ,actual ,product ,users
Pull ,Strategy ,- ,CORRECT ,ANSWER-focuses ,on ,creating ,demand ,for ,a ,product
,among ,consumers ,so ,that ,businesses ,will ,agree ,to ,sell ,a ,product
Channel ,Selection ,Factors ,- ,CORRECT ,ANSWER-Type ,of ,customer, ,type ,of ,product,
,channel ,partner ,capabilities, ,the ,business ,environment ,& ,technology, ,competing
,products' ,marketing ,channels
Intensive ,Distribution ,Strategy ,- ,CORRECT ,ANSWER-often ,used ,for ,convenience
,goods ,to ,try ,to ,sell ,your ,products ,in ,as ,many ,outlets ,as ,possible
Selective ,Distribution ,Strategy ,- ,CORRECT ,ANSWER-involves ,selling ,products ,at
,select ,outlets ,in ,specific ,locations
Exclusive ,Distribution ,Strategy ,- ,CORRECT ,ANSWER-involves ,selling ,products
,through ,one ,or ,very ,few ,outlets ,(idea ,of ,scarcity ,principle ,and ,creating ,demand)
Gray ,Market ,- ,CORRECT ,ANSWER-A ,market ,in ,which ,a ,producer ,hasn't ,authorized
,its ,products ,to ,be ,sold.
Channel ,Conflict ,- ,CORRECT ,ANSWER-A ,dispute ,among ,channel ,members