Examples of Intermediary in the following topics:
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- A financial intermediary is an institution that facilitates the flow of funds between individuals or other economic entities.
- Though, perhaps the most well-known of financial intermediaries, banks represent only one intermediary within a larger group.
- As noted, financial intermediaries provide access to capital.
- By repurposing funds from savers to borrowers financial intermediaries are able to promote economic growth by providing access to capital.
- Banks convert deposits to loans and thereby increase access to capital by serving as a financial intermediary between savers and borrowers.
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- Intermediaries, also known as distribution intermediaries, marketing intermediaries, or middlemen, are an extremely crucial element of a company's product distribution channel.
- Without intermediaries, it would be close to impossible for the business to function at all.
- For example, merchants are intermediaries that buy and resell products.
- A firm can have any number of intermediaries in its channels.
- A "level zero" channel has no intermediaries at all, which is typical of direct marketing.
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- While organizations gain advantage by collaborating with intermediaries, there are costs involved to consider.
- Distribution of goods is often enabled through collaboration with partners and intermediaries.
- Shipping Intermediaries - Getting an item from the business to the user often requires shipping and warehousing.
- Marketing Intermediaries - Storefronts, be they online or physical locations, are convenient and comfortable contact points for products and consumers.
- Understand the various costs which accompany product distribution when working with intermediaries
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- So you use a marketing intermediary, and work with companies that sell music equipment.
- The rest are value-adding intermediaries who limit your risk and allow you to focus on what you do best.
- Additionally, whomever the intermediary is shares this advantage.
- As a result, organizations with many intermediaries can benefit from the specializations of their partners.
- Outline the various benefits of utilizing intermediaries, and understand how to capture value from the process
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- Small manufacturers who are interested in building their foreign sales are turning to trade intermediaries to assist them in the sale and distribution of their products.
- These trade intermediaries account for about 10 per cent of all US exports.
- (Michael Selz, "More Small Firms Are Turning to Trade Intermediaries," The Wall Street Journal, February 2, 1995, p.
- B2. ) The trade intermediary provides a valuable service to small companies, which often do not have the resources or expertise to market their products overseas.
- The trade intermediaries have developed relationships with foreign countries; these relationships are time-consuming and expensive to develop.
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- Instead, they outsource many of these aspects to intermediaries.
- Intermediaries are specialists for a specific function along the value chain.
- Some of the most common intermediaries are related to product distribution.
- Another popular intermediary is the ad agency.
- Understanding the value chain is central to the concept of intermediaries.
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- The Impact the attitudes of channel intermediaries have on the product
- For example, merchants are intermediaries that buy and resell products.
- Agents and brokers are intermediaries that act on behalf of the producer but do not take title to the products.
- Selective distribution - producers rely on a few intermediaries to carry their product.
- Exclusive distribution - producers select only very few intermediaries.
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- The manufacturer attempts to get as many intermediaries of a particular type as possible to carry the product.
- As a drawback, it can be extremely difficult to stimulate and control the large number of intermediaries.
- In selective distribution, the producer relies on a few intermediaries to carry their product.
- In exclusive distribution,the producer selects only very few intermediaries.
- Success of the product is dependent upon the ability of a single intermediary.
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- In intensive distribution (such as candy) the manufacturer attempts to get as many intermediaries of a particular type as possible to carry the product
- The two-level channel (producer to consumer) is a direct channel and is possible only if the producer or customer are willing to perform several of the tasks performed by intermediaries.
- There are several types of intermediaries that operate in a particular channel system.
- The objective is to gather enough information to have a general understanding of the distribution tasks these intermediaries perform.
- Other possible performance criteria include maintenance of adequate inventory, selling capabilities, attitudes of channel intermediaries toward the product, competition from other intermediaries and from other product lines carried by the manufacturer's own channel members.
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- The company must decide whether to sell its products through an intermediary (such as a chain store) or attempt to sell its products directly to the customer.
- Using an intermediary may sometimes lower transaction costs, as much of the burden is shifted from the producer to the intermediary.
- Selective distribution means that the producer relies on a few intermediaries to carry their product.
- Exclusive distribution means that the producer selects only very few intermediaries, such as is often the case with luxury goods.