place

Cards (8)

  • distribution
    how ownership changes as a product goes from producer to consumer
  • retailer
    a shop selling from a building in a shopping centre or high street
  • E-tailer:

    an electronic retailer -who purchases electronics through M-commerce or E-commerce
  • methods of distribution:
    Retailers:
    • Physical stores where customers can buy goods.
    • Allows customers to see, touch, and try products.
    • Common in shopping centers and main streets.
    E-tailers (e-commerce)
    • Online stores like ASOS or Amazon.
    • Accessible 24/7, allowing customers to shop anytime.
    • Often cheaper than physical stores due to lower overhead costs.
  • Distribution Channels
    • Methods to move a product from the producer to the consumer.
    • Traditional: producer → wholesaler → retailercustomer.
    • Direct: producer sells directly to the consumer, often through the internet.
    • Modern: producer → superstore → customer.
  • Advantages-(Retailers):
    • Customers can physically experience products before buying (touch, smell, wear, etc.).
    • Easy to compare rival products.
    • Ability to choose specific items (e.g., lean meat or ripe fruit).
    • Instant access to purchased goods—no delivery wait.
  • Disadvantages-(Retailers):
    • Shopping can be time-consuming, especially when comparing multiple options.
    • Overwhelming choice can lead to excessive time spent shopping.
    • Customers must carry everything themselves, which is difficult for those without a car.
  • To convince retailers to sell their product, producers will need to:
    1. Show that the product offers something unique.
    2. Demonstrate support through promotional activities.
    3. Ensure an acceptable profit for the retailer.