Place

Question 1

What is place ?

Answer 1

A location where buyers and sellers exchange payment in return for goods and or services.

Question 2

What is traditional Distribution ?

Answer 2

Manufacturer sells to wholesaler in bulk, Wholesaler sells to retailer, Retailer sells to consumer

Question 3

What is modern Distribution ?

Answer 3

Producer sells to retailer , Retailer sells to consumer

Question 4

What is direct selling/E-com distribution?

Answer 4

Producer sells to consumers

Question 5

What is a distribution channel?

Answer 5

The path/Route taken by a product from Producer/Manufacturer finally to consumer