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9 Terms

1

Exchange

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

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2

Marketer

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

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3

Supply chain

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

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4

Distributors and Retailers

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

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5

Marketing Partners

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

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6

Consumer markets

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

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7

Business-to-business (B2B) markets

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

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8

Institutional markets

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

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9

Channel markets

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

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