Unit 4 Review Entrepreneurship 1

A channel of distribution that only involves the producer and the customer.

• Direct Channel

• Distribution

• Indirect Channel

• Retail

A channel of distribution that introduces an intermediary into the distribution process

• Direct Channel

• Distribution

• Indirect Channel

• Network

It sells the goods or provides the service directly to the consumer with no involvement of a middleman such as an intermediary, wholesaler, retailer, agent, or/and reseller.

• Indirect Channel

• Distribution

• Producers

• Monopoly

A toy store purchased 200 stuffed animals.

• buying for resale

• buying for transformation

• buying for business use

A farmer purchased a new tractor

• renting for personal use

• buying for resale

• buying for business use

• buying for transformation

A grocery store purchased boxes of cereal.

• buying for resale

• buying for transformation

• buying for business use

• donating to a food bank

A floral shop purchased roses for Valentine's Day.

• buying for transformation

• buying for wholesale

• buying for resale

• buying for business use

A bakery purchased 2,000 pounds of sugar

• buying for transformation

• buying for resale

• buying for business use

• Trading for profit

An appliance dealer purchased clothes dryers.

• buying for resale

• buying for transformation

• buying for business use

• Renting to customers

Match the words with their definitions.

• storage

• a special place for keeping goods until it is needed

• store

• the total amount of goods available to sell

• warehouse

• a place where goods are stored prior to their use

• stock

• a place where goods are sold