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9 Terms

1
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Exchange

The act of trading something of value (money) for a desired product, either goods or service.

2
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Marketer

The company or organization behind the brand producing the product or service and offering it for sale.

3
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Supply chain

The network of suppliers producing components and ingredients sold to the manufacturer.

4
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Distributors and Retailers

Intermediaries aiding in the distribution of the product to the customer and supporting the brand's marketing communication.

5
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Marketing Partners

Companies working together to create products and promotions through cooperative programs and alliances.

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Consumer markets

People who buy goods and services for personal or household use.

7
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Business-to-business (B2B) markets

Companies purchasing products or services for business use or in making other products.

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Institutional markets

Nonprofit organizations like hospitals, government agencies, and schools providing services for society's benefit.

9
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Channel markets

Businesses in the distribution chain, including resellers or intermediaries, with a focus on channel marketing to target specific campaigns.