Distinguish and explain the term channels of distribution and distribution strategy. Comment on the indirect channels of distribution that marketers can consider in marketing their product.
Channels of Distribution:
Channels of distribution refer to the various pathways or routes through which goods or services move from the manufacturer or producer to the end consumer. These channels can involve multiple intermediaries such as wholesalers, retailers, agents, brokers, and even digital platforms depending on the nature of the product and the market dynamics. Essentially, channels of distribution are the means by which products reach the target market, ensuring availability and accessibility to consumers.
Distribution Strategy:
Distribution strategy, on the other hand, is the overall plan ______ _____ ______ _________ _________ _____ ________.
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