List and Briefly Describe Each of the Five Possible Types

question 292

Essay

List and briefly describe each of the five possible types of channel members.

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Definitions:

Subscription

An arrangement to receive products or services, such as publications or software, on a regular basis by paying a fee.

Electronic Tendering

The process of submitting and receiving bids and tenders for goods and services over the internet.

Reverse Auction

A type of auction in which sellers bid to provide goods or services to a buyer, and prices typically decrease as vendors compete.

Virtual

Referring to something that is not physically existing but made by software to appear to do so.