InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
What Is A Channel Intermediary? |
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Answer» Distribution of goods TAKES place by means of channels, and the INTERMEDIARIES are the independent groups or organizations within the channel that make the product available for consumption. There are four MAIN types of intermediary: agents, WHOLESALERS, distributors, and retailers. Distribution of goods takes place by means of channels, and the intermediaries are the independent groups or organizations within the channel that make the product available for consumption. There are four main types of intermediary: agents, wholesalers, distributors, and retailers. |
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| 2. |
What Is A Channel Member? |
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Answer» TYPE of Channel MEMBERS. Channel activities may be CARRIED out by the marketer or the marketer may seek specialist organizations to assist with certain functions. We can classify specialist organizations into two BROAD CATEGORIES: resellers and specialty service firms. Type of Channel Members. Channel activities may be carried out by the marketer or the marketer may seek specialist organizations to assist with certain functions. We can classify specialist organizations into two broad categories: resellers and specialty service firms. |
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| 3. |
What Is The Role Of Channel Manager? |
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Answer» The Channel Manager wins, maintains, and EXPANDS relationships with assigned channel partners. Assigned to channel partners based on geography, channel, or MARKET, the Channel Manager is responsible for achieving sales, PROFITABILITY, and partner RECRUITMENT objectives The Channel Manager wins, maintains, and expands relationships with assigned channel partners. Assigned to channel partners based on geography, channel, or market, the Channel Manager is responsible for achieving sales, profitability, and partner recruitment objectives |
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| 4. |
What Are The Channels Of Direct Marketing? |
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Answer» Direct marketing is a channel-agnostic form of advertising which ALLOWS businesses and NONPROFIT organizations to communicate straight to the customer, with advertising techniques that can include CELL phone text messaging, email, interactive consumer WEBSITES, online display ADS, database marketing, fliers, catalog. Direct marketing is a channel-agnostic form of advertising which allows businesses and nonprofit organizations to communicate straight to the customer, with advertising techniques that can include cell phone text messaging, email, interactive consumer websites, online display ads, database marketing, fliers, catalog. |
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| 5. |
What Are The Job Responsibilities Of Channel Manager? |
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| 6. |
What To Look For In A Channel Manager? |
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Answer» You don’t want to invest in just any channel manager. You need one suited to your SMALL accommodation needs. Make sure you consider these two often overlooked items: NUMBER of CHANNELS. The more OTAs your channel manager connects you to, the more markets you can tap into. Make sure there’s no additional fee based on how many channels you use. Support and TRAINING. Invest in a channel manager that will have support staff available in order to help you navigate the SYSTEM and connect with the maximum amount of agents. Solid reporting. A good channel manager will allow you to easily track and measure which online sales channels are working. This gives you the knowledge you need to negotiate commissions and end partnerships that aren’t working for you. You don’t want to invest in just any channel manager. You need one suited to your small accommodation needs. Make sure you consider these two often overlooked items: Number of channels. The more OTAs your channel manager connects you to, the more markets you can tap into. Make sure there’s no additional fee based on how many channels you use. Support and training. Invest in a channel manager that will have support staff available in order to help you navigate the system and connect with the maximum amount of agents. Solid reporting. A good channel manager will allow you to easily track and measure which online sales channels are working. This gives you the knowledge you need to negotiate commissions and end partnerships that aren’t working for you. |
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| 7. |
What Are The Benefits Of A Channel Manager? |
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Answer» The benefits of a Channel MANAGER :
The benefits of a Channel Manager : |
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| 8. |
What Is A Channel Partner In Marketing? |
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Answer» A channel PARTNER is a company that PARTNERS with a MANUFACTURER or producer to MARKET and sell the manufacturer's products, services, or technologies. This is usually done through a co-branding RELATIONSHIP. A channel partner is a company that partners with a manufacturer or producer to market and sell the manufacturer's products, services, or technologies. This is usually done through a co-branding relationship. |
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| 9. |
What Are The Channels Of Sales? |
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Answer» A way of bringing products or services to market so that they can be purchased by consumers. A SALES CHANNEL can be direct if it involves a business selling directly to its customers, or it can be indirect if an intermediary such as a RETAILER or dealer is INVOLVED in selling the PRODUCT to customers. A way of bringing products or services to market so that they can be purchased by consumers. A sales channel can be direct if it involves a business selling directly to its customers, or it can be indirect if an intermediary such as a retailer or dealer is involved in selling the product to customers. |
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| 10. |
What Is A Channel Marketing Strategy? |
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Answer» A CHANNEL strategy is a VENDOR's plan for moving a product or a service through the chain of COMMERCE to the END customer. Product manufacturers and service providers FACE a number of channel options. The simplest approach is the direct channel in which the vendor sells directly to the customer. A channel strategy is a vendor's plan for moving a product or a service through the chain of commerce to the end customer. Product manufacturers and service providers face a number of channel options. The simplest approach is the direct channel in which the vendor sells directly to the customer. |
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| 11. |
What Are The Channels Of Distribution? |
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Answer» A DISTRIBUTION channel is the chain of businesses or intermediaries through which a good or SERVICE passes until it reaches the END consumer. A distribution channel can include wholesalers, retailers, DISTRIBUTORS and even the INTERNET. A distribution channel is the chain of businesses or intermediaries through which a good or service passes until it reaches the end consumer. A distribution channel can include wholesalers, retailers, distributors and even the internet. |
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| 12. |
What Is A Channel Design? |
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Answer» Channel DESIGN REFERS to those DECISIONS involving the development of new MARKETING channels where NONE had existed before or to the modification of existing channels. Channel design refers to those decisions involving the development of new marketing channels where none had existed before or to the modification of existing channels. |
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| 13. |
What Are The Core Tenets Of Channel Management? |
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Answer» Core TENETS include: Aggregate and transform COMPLEX multitier channel data into actionable information that can be used by channel sales, marketing and finance to INCREASE REVENUES and gain channel insight. Streamline online partner collaboration and eliminate ineffective and error-prone manual processes, making it easier for your channel partners to do business with you. Ensure compliance at all LEVELS, from channel partner contracts and licensing agreements to revenue recognition and regulatory requirements from the SEC or the FASB. Core tenets include: Aggregate and transform complex multitier channel data into actionable information that can be used by channel sales, marketing and finance to increase revenues and gain channel insight. Streamline online partner collaboration and eliminate ineffective and error-prone manual processes, making it easier for your channel partners to do business with you. Ensure compliance at all levels, from channel partner contracts and licensing agreements to revenue recognition and regulatory requirements from the SEC or the FASB. |
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| 14. |
What Are The Applications That Channel Management Include? |
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Answer» Channel-MANAGEMENT APPLICATION areas include:
Channel-management application areas include: |
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| 15. |
What Is The Marketing Channel? |
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Answer» A marketing CHANNEL is a set of practices or activities necessary to transfer the ownership of goods, from the point of PRODUCTION to the point of consumption. It is the way products and services get to the end-user, the consumer; ALSO known as a distribution channel. A marketing channel is a set of practices or activities necessary to transfer the ownership of goods, from the point of production to the point of consumption. It is the way products and services get to the end-user, the consumer; also known as a distribution channel. |
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| 16. |
What Is The Meaning Of Channel Partner? |
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Answer» A CHANNEL partner is a company that PARTNERS with a manufacturer or PRODUCER to market and SELL the manufacturer's PRODUCTS, services, or technologies. This is usually done through a co-branding relationship. A channel partner is a company that partners with a manufacturer or producer to market and sell the manufacturer's products, services, or technologies. This is usually done through a co-branding relationship. |
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| 17. |
What Is The Channel In Business? |
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Answer» A DISTRIBUTION channel is a chain of businesses or intermediaries through which a good or service PASSES until it reaches the end consumer. It can INCLUDE WHOLESALERS, RETAILERS, distributors and even the internet itself. A distribution channel is a chain of businesses or intermediaries through which a good or service passes until it reaches the end consumer. It can include wholesalers, retailers, distributors and even the internet itself. |
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| 18. |
What Is A Channel Account Manager Do? |
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Answer» A CHANNEL account manager is RESPONSIBLE for identifying, DEVELOPING, and expanding relationships with DISTRIBUTORS, RESELLERS, and retailers. A channel account manager is responsible for identifying, developing, and expanding relationships with distributors, resellers, and retailers. |
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| 19. |
What Is The Definition Of Channel Sales? |
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Answer» A method of DISTRIBUTION used by a business to sell its PRODUCTS, usually by dividing its SALES force into groups that focus on different selling conduits. For example, a company might implement a channel sales STRATEGY to sell its product via an in house sales force, dealers, retailers or by direct marketing. A method of distribution used by a business to sell its products, usually by dividing its sales force into groups that focus on different selling conduits. For example, a company might implement a channel sales strategy to sell its product via an in house sales force, dealers, retailers or by direct marketing. |
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| 20. |
What Is Channel Management? |
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Answer» CHANNEL management is the process by which manufacturers or suppliers create FORMALIZED relationships and programs to get their products to end customers. Distribution channels take many forms and can INCLUDE many of the FOLLOWING channel partners: ODMs (original design manufacturers), contract manufacturers, distributors, wholesalers, manufacturer's reps, resellers, VARs and TRADITIONAL retailers. Channel management is the process by which manufacturers or suppliers create formalized relationships and programs to get their products to end customers. Distribution channels take many forms and can include many of the following channel partners: ODMs (original design manufacturers), contract manufacturers, distributors, wholesalers, manufacturer's reps, resellers, VARs and traditional retailers. |
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