Marketing 5e
5th Edition
ISBN: 9781259975578
Author: Grewal, Levy
Publisher: McGraw Hill
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Concept explainers
Question
Chapter 15.4, Problem 1CY
Summary Introduction
To determine: The
Introduction: Marketing is an art in which a seller sells its goods and services to its customer. Marketing has the four important elements which are a product, price, place, and promotion.
Expert Solution & Answer
Explanation of Solution
A marketing channel can be explained as follows:
- Customer to store: Sometimes customers buy the goods and services from a store which is at near location. Customer saves his time by purchasing the goods and services from a nearby store.
- Store to buyer: Buyer is the end user of the product. A buyer purchases the goods and services from his near store and consume.
- Buyer to the manufacturer: A buyer can purchase the goods directly from the manufacturer because the manufacturer can provide goods at a cheap rate to the buyer. A buyer can get goods manufactured according to his wish.
- Store to the manufacturer: There is a number of goods which cannot be supplied directly to the customer and buyer such as bread, electronic items and other also. These goods are supplied through a supply chain such as agent, brokers, and retailers.
- Store to distributer: The manufacturer produces the products and keeps them preserved in the store from where goods are distributed through the agent, retailer, and brokers. Middleman sales the goods to the customer and buyer.
- Manufacturer to distributer: Sometimes the manufacturer produce the goods and from the manufacturing place, goods are directly sent to the distributors. The distributor provides the information related to the goods to the manufacturer.
Conclusion
Thus, the information flow in the marketing channel is in the manner as explained above.
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