Question
Match each Type of Sales Channel to its corresponding description. To answer, move each type from the list on the left to its description on the right. Note: You will receive partial credit for each correct answer. Direct-to-Consumer & }(l) Selling products directly to end customers for a profit, either in-store, online, mail-order, or by phone. Retail & Selling products in bulk to various outlets or realers for onward sale. B2B & When a brand or manufacturer sells direct to consumers and the end users of their products, as opposed to selling to them solely through retalers. Wholesale & Businesses that sell to other businesses who are the intended end user of the product.
Answer
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(372 Votes)
Bradford
Veteran · Tutor for 12 years
Answer
1. Direct-to-Consumer: When a brand or manufacturer sells directly to consumers and the end users of their products, as opposed to selling to them solely through retailers.2. Retail: Selling products directly to end customers for a profit, either in-store, online, mail-order, or by phone.3. B2B: Businesses that sell to other businesses who are the intended end user of the product.4. Wholesale: Selling products in bulk to various outlets or retailers for onward sale.
Explanation
The question involves definitions of various types of sales channels in business which includes Direct-to-Consumer, Retail, B2B(Business-to-Business) and Wholesale. The objective is to match each sales channel to its corresponding description given:1. Direct-to-Consumer: This sales strategy involves selling products directly to end customers for profit. This selling process can take place in different avenues such as in-store sales, online sales, mail-order, or via phone.2. Retail: This is a sales channel where businesses sell to its end users. It involves the direct sale of goods and services directly to the customer.3. B2B: B2B stands for Business-to-Business. This sales channel includes all activities from products and services to businesses that eventually target the end-user.4. Wholesale: Wholesale involves the bulk selling of goods to different outlets or retailers, who would then sell to the end user.