Final answer:
Distribution in business includes many facets such as location, hours of operation, website presence, logistics, atmospherics, inventory management, and supply-chain management. These aspects work together to effectively move products from producers to consumers, and their management influences the location and patterns of movement of products, money, and people.
Step-by-step explanation:
Distribution is a critical aspect of a business that encompasses various facets necessary to move products from the producer to the consumer effectively and efficiently. The different facets of distribution include: 1) Location, which can greatly influence a firm's success due to factors like visibility and proximity to customers or suppliers. An example of this is a gas station at a busy intersection, which is likely to sell more gas due to higher traffic. 2) Hours of operation may affect the accessibility of goods to customers. 3) Website presence ensures that a business can reach customers online, increasing its market reach and sales potential. 4) Logistics involve planning, implementing, and controlling the effective forward and reverse flow of goods. 5) Atmospherics refers to the physical aspects of the product as well as the environment in which it is sold. 6) Inventory management is crucial for maintaining the right balance of stock in response to customer demand without tying up too much capital. 7) Supply-chain management is about overseeing the complete journey of products from origin to consumer.
Understanding how these facets work together and how the creation, management, and distribution of key natural resources impacts the location and patterns of movement of products, money, and people is essential for strategic business planning according to WG.12A.