MARKETING CHANNEL
\mˈɑːkɪtɪŋ t͡ʃˈanə͡l], \mˈɑːkɪtɪŋ tʃˈanəl], \m_ˈɑː_k_ɪ_t_ɪ_ŋ tʃ_ˈa_n_əl]\
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The path from vendor to the consumer of a company’s goods and services, flowing in one direction. Also, this is the path that payments from consumer to the vendor generated by sales flow in the opposite direction. A marketing channel is simple, direct from the vendor to the consumer, or is complex, with several fairly independent but mutually dependent intermediaries, like wholesalers, distributors, agents, retailers. As each intermediary receives the item, it is at one price. The items moves to the next intermediary with a higher price until it reaches the final buyer, the consumer. Also known as channel of distribution or distribution channel.
By Henry Campbell Black
Word of the day
Proto Oncogene Proteins c erbB 2
- cell surface protein-tyrosine kinase that is found to be overexpressed in significant number adenocarcinomas. It has extensive homology can heterodimerize EGF EPIDERMAL GROWTH FACTOR), 3 receptor (RECEPTOR, 3) and the 4 receptor. Activation of erbB-2 receptor occurs during heterodimer formation with a ligand-bound erbB family members. EC 2.7.11.-.