What are marketing intermediaries and what are the various types?
What will be an ideal response?
Marketing intermediaries help the company promote, sell, and distribute its products to final buyers. They include resellers, physical distribution firms, marketing services agencies, and financial intermediaries.
Resellers are distribution channel firms that help the company find customers or make sales to them. These include wholesalers and retailers who buy and resell merchandise.
Physical distribution firms help the company to stock and move goods from their points of origin to their destinations. Marketing services agencies are the marketing research firms, advertising agencies, media firms, and marketing consulting firms that help the company target and promote its products to the right markets.
Financial intermediaries include banks, credit companies, insurance companies, and other businesses that help finance transactions or insure against the risks associated with the buying and selling of goods.
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Risk management techniques can only be applied individually.
a. true b. false
What is the probability that they receive less than 3 complaints in a week?
The Dean's Office keeps tracks of student complaints received each week. The probability distribution for complaints can be represented as a table as shown below. The random variable xi represents the number of complaints, and p(xi) is the probability of receiving xi complaints. Image 0 1 2 3 4 5 6 p(Image) .10 .15 .18 .20 .20 .10 .07