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Review for ets exam…
| | bet | 38/48 | | Sana | 24.03.2021 | | Hajmi | 292 Kb. | | #13438 | | Turi | Review |
Wholesaling
Wholesaling includes all interactions w/ intermediaries buying for resale or business use.
Functions include:
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selling and promotion
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buying and assortment-building
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bulk-breaking
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warehousing
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transporting
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financing
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risk bearing
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supplying market information
Wholesalers comprise four groups:
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merchant wholesalers (take possession, full service vs. limited service)
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agents and brokers (do not take possession, paid commission)
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manufacturers' and retailers' branches
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miscellaneous wholesalers (e.g. agricultural, bulk chemicals)
Increasing importance of logistics, and providing a system-wide approach at reducing costs.
Logistics decisions:
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order processing (shorten order to remittance cycle)
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warehousing
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inventory
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transportation (rail, air, trucks, waterways, and pipelines)
Interesting sites:
Discussion Topic: Impact of channel members creating a market for used product. Is this good or bad for the market, how does it impact the value of the new product?
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