Question : Which of the following statement is correct?
Statement 1: Channel of distribution includes mainly agents,wholesaler and retailers.
Statement 2: Channel distribution refers to that path through which the ownership as well as possession of goods transfer to the consumer from the producer.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 1 is false and statement 2 is true.
Correct Answer: Both are true
Solution : Channel of distribution refers to that path through which the product reach to the consumer. In this path many people and firms participate they are called middleman or intermediary. It includes mainly agents wholesaler and retailers.
Hence, option A is correct.
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