Chapter 10.3

5. Two Words: Difference between selling price and product costs.
8. The final business organization in an indirect channel of distribution for consumer products.
10. This channel of distribution is when one or more other businesses are between the producer and consumer.
12. Two Words: The second word ends with an S. This is the costs to manufacturers to produce the product or the price paid by other businesses to buy the product.
13. Intermediaries between manufacturers and retailers.
14. Two Words: All expenses of operating the business that is associated with the product.
17. Product costs + Operating Expenses + ______ = Selling Price

1. Three Words: The route a product follows and the businesses involved in moving a product from the producer to the final consumer
2. Mr. J's last name
3. Price is set by the _______ by adding product costs, operating expenses, and profit.
4. Determining the best methods and procedures to use so customers can find, obtain, and use a product or service.
6. The amount added to the cost to set the selling price.
7. A reduction from the original selling price.
9. This channel of distribution is straight from the producer to the consumer.
11. The money a customer must pay for a product or service.
15. Two Words: The price paid by customers.
16. The amount of money available to the business after all costs have been paid.