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Q.Give the meaning of 'Physical Distribution' as an element of Marketing Mix.

(OR)
What is meant by 'Marketing Management' ?
CBSECBSE Class XII Board 2019Subjective· 1mImportance★★★★★
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Part (a): Physical distribution is the set of activities (transport, warehousing, inventory, order processing) that move goods from producer to consumer.

Part (b): Marketing management is the planning, organising, directing and controlling of marketing activities to satisfy customers and meet organisational goals.

Physical distribution is a component of the 'Place' element of the marketing mix. It covers all the activities that are required to make the product physically available to the customer at the right place and at the right time. The major decision areas under physical distribution are transportation (choosing the mode to move goods), warehousing (storing goods until they are needed), inventory control (deciding how much stock to hold) and order processing (handling and executing customers' orders). An efficient physical distribution system reduces cost and delivery time and increases customer satisfaction.

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