4.5 Glossary of key terms
Unit 4.5 Glossary of key terms - Place Key term Definition Agents Also known as brokers, these independent intermediaries help to sell a vendor’s products in return for commission, e.g., real estate agents. Break of bulk The process where wholesalers buy goods in large quantities and sell them in smaller amounts to retailers and other customers. Channel of distribution (or distribution channel) The means by which a...