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 Form 3 Business Studies: Chain of distribution online lessons

Importance of channels of distribution

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Answer Text:
Channels of distribution.
- Importance of channels of distribution:
(i) Facilitate transfer of commodities.
(ii) Creates utility of possessions and ownership.
(iii) Adds values to commodities at various stages.
(iv) Creates utility of place.
NB: Intermediaries are middle persons who facilitate the transfer of the products from producer to consumers.