Discuss How Distribution Channels Can Create Efficiencies for Consumers

question 51

Essay

Discuss how distribution channels can create efficiencies for consumers.Illustrate using the example of a laptop computer and a chocolate bar.

---

Definitions:

Equilibrium Quantity

The quantity of goods or services supplied is exactly equal to the quantity demanded at a particular price.

Shift Demand

A change in the quantity demanded at every price level, resulting in the demand curve moving left or right.

Complement

A good or service that is used together with another, where an increase in demand for one leads to an increase in demand for the other.

Substitute

A product or service that can be used in place of another to satisfy similar needs or desires.