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Questions:
1. Discuss in your own words the core concept of backward or reverse channel
and give your own concrete example (aside from soft drinks bottles).
Answer- Marketing channel decisions play a role of strategic for the success
of the company simply because the marketing channels is one of the
operations of the company where the products travels from manufacturer
goes to consumers so in this way the company will realize which of their
process they needs to improve.
Module 10: Assessment Task
Questions:
1. In your own idea, under what circumstances can a retailer extend credit to his
customers?
Answer – For me retailer gives credit to their customers because they want to
build a strong relationship. A relationship where they trust each other.
Sometimes the retailer is so desperate of selling the products that’s why they
offer credit to their customers.
2. What are some of the promotions with a retailer can organize to:
a. Increase footfalls to his store?
b. Ensure stickiness of his customers?
c. Increase the size of the average shopping basket?
2. Choose one of the key tasks of wholesalers. Discuss and cite concrete
example.
Answer – Wholesalers are the business who buy lots of products from the
manufacturer and sell it to their customers. While retailers only sell a small
amount of products. The retailers only have few products compared to
wholesalers.
Week 4: Reflection (Module 9,10 &11)
Instruction: Write a 300 words REFLECTIVE ESSAY about what you have learned in
this unit that will help you to continue growing especially in your chosen field. Strictly
use the format; Font Size: 12, Font Style: Arial, Spacing: 1.5, Margin: 1.5 left, 1 right
top and bottom, Short bond paper, Justify.
Reflection: I have lots of idea that I get from this three units that I would like to explain
in this reflection. First is the topic from the unit 9 that talks about the Marketing Channel.
According to the unit that the Marketing channels refer to the people, organizations and
activities that are needed in order for a business to transfer products from the
production point to the consumption point. In other words, it is the way in which products
and services reach an end user. Also known as a distribution channel, a marketing
channel is an extremely important tool for management, and it is key to creating an
effective marketing strategy. So for me this is very informative given that I this will give a
lot of advantage for the company if they study the marketing channel. For the second
topic of the module which is the retailing that talks about the distribution process of
retailer getting the goods (either from the manufacturer, wholesaler, or agents) and
selling them to the customers for the actual use. In simple terms, retailing is the
transaction of small quantities of goods between a retailer and the customer where the
good is not bought for the resale purpose. This retailer for me is a different kinds of
business that even small amount of money we can be a retailer of different products.
Last topic is wholesaling where the business buy lots of products to different company
and they will sell it again to the customers with a higher price compare to the original
price from the manufacturer.