These goods were distributed by different types of wholesalers. Merchant wholesalers, agents, and brokers distributed 79 percent of the goods, whereas manufacturer’s sales branches accounted for 21 percent. Some 1,476,365 retail establishments distributed $48.3 million worth of goods to final consumers.
How does distribution of goods benefit to consumers?
Efficiency When goods are produced in a mass quantity, they can be obtained at lower price. Distribution helps to satisfy the needs of consumers by supplying assortment of different products of different producers. From this, efficiency can be achieved in both production and distribution.
Who determines how goods are distributed?
In a command economy, the government determines how the goods and services are distributed. In a command economy, no one can start their own business. The government determines how and where the goods produced would be sold.
How is service distribution different from goods?
Goods are tangible, as in these have a physical presence and they can be touched, while services are intangible in nature. The purpose of both goods and services is to provide utility and satisfaction to the consumer.
Why are products not sold directly to the consumer?
DISTRIBUTION OF GOODS AND SERVICES. It is not unreasonable to wonder why all products are not sold directly from producer to final consumer. The simple answer is that distributors lower the costs of market transactions in a specialized economy.
How does the distribution of goods and services work?
DISTRIBUTION OF GOODS AND SERVICES. The simple answer is that distributors lower the costs of market transactions in a specialized economy. First, distributors lower the costs of market transactions by taking advantage of economies of scale and scope. For example, retail stores typically offer many varieties of goods.
What are the problems of distribution of goods in any country?
This singular tendency has made it difficult for the retailers and the consumers to purchase goods at a reasonable price. 2. Poor Road Network: Road Network in most country is bad most especially Nigeria as this makes it difficult for goods to be moved from one destination to another. 3.
Who is the distributor of goods in the market?
For those goods produced for the market, the general merchant was the key distributor. The merchant bought goods of all types and was the ship owner, exporter, importer, banker, insurer, wholesaler, and retailer.
