Place: Business: Pearson (Edexcel): GCSE (9:1)

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14 Terms

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Place

All forms and channels of distribution that get a product to its target market and the consumer

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Point of sale

Where the product is sold

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Distribution

How the product gets to the customer

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Manufacturer

The business that makes the goods

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Wholesaler

Buy large quantities of products from manufacturers and sell to retailers

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Retailer

Buy a large range of products and sell to consumers

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Consumer

The end-user of a product or service

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Direct distribution channel

From the manufacturer to the consumer

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Indirect distribution channel

From the manufacturer to wholesalers and/or retailers, then to the consumer

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Transport

Moving products by road, sea, air, containers or pipelines

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Online retail

When customers use the internet to find out about and buy products

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E-Commerce

Any goods or services bought using the internet i.e Amazon

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M-Commerce

Any goods or services bought using a mobile device i.e a phone

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E-tailer

A retailer that operates online without physical shops or premises