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Explain 'Types of buyers' as considerations related to market while selecting a channel of distribution. - Entrepreneurship

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प्रश्न

Explain 'Types of buyers' as considerations related to market while selecting a channel of distribution.

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उत्तर

  1. Individual Buyers:

    • These buyers purchase products for personal or household use in small quantities.
    • Channels with multiple intermediaries (e.g., wholesalers and retailers) are preferred to ensure convenience and accessibility.
  2. Business/Industrial Buyers:

    • These buyers purchase products in bulk for production or operational needs.
    • Direct channels are more appropriate to allow customization, better pricing, and direct communication between the buyer and the manufacturer.
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2023-2024 (February) Set 4
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