Question

In: Accounting

Q1. Explain How Routinization is among the Marketing Channel benefits to Upstream channel members. Your answer...

Q1. Explain How Routinization is among the Marketing Channel benefits to Upstream channel members. Your answer should be at least 150 words; use two academic resources and one of them should be your assigned textbook and you must use examples.

Solutions

Expert Solution

There are several benefits of Market Channel and Routinization is one of them. Routinization is the process in which the desired products are found by the consumers at the places they expect, example catalogues or stores. This enables comparison of products, prices are printed, different methods of payment are vailable.

Routinization benefits both the consumers as well as producers. This process helps the producer in detreminig what to produce, when to produce and how many units to produce. Also, Routinization helps in completing the channel transactions at any given point of time. This gives satisfaction to the channel members and hence results in upstreaming channel members.

A major benefit of Routinization is reduction in cost of distribution, or lese every transaction would be subject to bargaining and thus loss in efficiency. Routinization results in standardization of goods or services whose peerformance can be easily examined and compared. Products can be produced with greater value under this process. Hence routinization results in enhganced efiiciencies in the execution and performance of channel activities.


Related Solutions

a) Explain how channel members add value to the marketing channel. Provide an example.
a) Explain how channel members add value to the marketing channel. Provide an example.
Describe the functions of marketing channel members..please send 250 minimum words along with reference
Describe the functions of marketing channel members..please send 250 minimum words along with reference
The potential for conflict among members is increased in a corporate vertical marketing system. true -...
The potential for conflict among members is increased in a corporate vertical marketing system. true - false
Describe the marketing channel options and how to make channel decisions. When is the best time...
Describe the marketing channel options and how to make channel decisions. When is the best time for a channel option?
What are involved in the marketing channel management? Briefly explain them.
What are involved in the marketing channel management? Briefly explain them.
Marketing-Explain how the demand curve works and how it benefits a firm. Be specific/detail
Marketing-Explain how the demand curve works and how it benefits a firm. Be specific/detail
choose any quote on this reading and explain How preferential is trade? Trade among PTA members...
choose any quote on this reading and explain How preferential is trade? Trade among PTA members is not all preferential on account of the fact that a significant portion of intra-PTA trade is MFN duty-free. In a sample covering imports of the 20 largest importers from all their trading partner countries – accounting for 90 per cent of world merchandise trade in 2008 – only 16 per cent qualified as preferential trade, assuming full utilization of preferences.2 In other words,...
discuss how channel members influence producers’ prices and explain why producers’/manufacturers’ do not normally control prices...
discuss how channel members influence producers’ prices and explain why producers’/manufacturers’ do not normally control prices of their products.
how does the marketing concept influence marketing myopia with example ? (justify your answer )
how does the marketing concept influence marketing myopia with example ? (justify your answer )
Who are the key players in a marketing channel set up? Explain every player in the...
Who are the key players in a marketing channel set up? Explain every player in the channel set up. What are the different types of wholesalers and explain how they differ from each other?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT