Indirect Distribution Refers to Connecting Directly with Customers and Handling

question 188

True/False

Indirect distribution refers to connecting directly with customers and handling the final sale of product and/or the delivery of services without the assistance of a channel intermediary.

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Definitions:

Less Independence

Referring to a decrease in freedom or autonomy in making decisions or carrying out actions without reliance on others.

Joint Venture

An agreement in which two businesses form a temporary partnership to produce a product or service in a market that neither could satisfy alone.

General Partnership

A business arrangement where two or more individuals share ownership, as well as the responsibility for managing the company and the liabilities it incurs.

Limited Partnership

A business organization with one or more general partners who manage the business and assume legal debts and obligations, and one or more limited partners who are liable only up to the amount of their investment.