Concept explainers
To discuss: The
Explanation of Solution
The marketing channel management is the process in which the company creates various marketing strategies as well as sales procedures to achieve the highest and widest potential customer base. The channels are the means or outlets to market and sell the products.
Following are the main activities of marketing channel management:
- Annual review and analysis of choices that are using and that one’s aren’t.
- Contract negotiation
- Promotion
- Ranking the performance of the distribution channel.
To discuss: The manner in which marketing channel management adds value to the company’s contribution concerning buyers as well as business partners.
Explanation of Solution
The marketing channel management will support to improve the value of the company and its business and the agents offer producers higher efficiency in manufacturing goods available to target markets. Through their contract experience, specialization, and scale of operations, intermediaries normally offer the firm more than it can achieve on its own. while considering in an economic view, intermediaries convert the variety of products into assortments wanted by buyers. The channel members add value by bridging the major time, place, and procession gaps that separate goods and services from those who would use them.
Want to see more full solutions like this?
- How are nontraditional channels of distribution affecting your organization and its marketing strategy? Appraise the situation and discuss.arrow_forwardDescribe the key functions performed by marketing channel members ?arrow_forwardIn Marketing Channel, evaluate the differences between traditional and digital marketing channels to ensure proper distribution, which has a direct impact on profitability. Note: please based the answer on the photo attachedarrow_forward
- Identify which channel and intermediaries will provide the best coverage of the target market for your product or service.arrow_forwardExplain the functions of distribution channels.arrow_forwardAs marketing manager for a specialist upmarket cruise operator, you have been asked to determine your distribution strategy for the carrier. Examine alternative means of distributing your products, citing the pros and cons of direct marketing, selling through retail agents, wholesaling through operators or other intermediaries and determine how you will organize your distribution.arrow_forward
- MarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational PublishingContemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning