Ideas in this flowchart

• Retailers and wholesalers are firms involved in selling goods through distribution channels.
• Retailers sell goods to consumers and industrial users for their own consumption.
• Wholesalers sell finished goods to retailers, manufacturers, and institutions.
• Institutional buyers include manufacturers, schools, and hospitals.
• Wholesalers have two main types: merchant wholesalers and agents and brokers.
• Merchant wholesalers buy from manufacturers and sell to other businesses.
• Agents and brokers are independent firms that provide buying and selling services.
• Agents and brokers receive commissions according to their sales.
• Agents and brokers do not take title, or ownership, of the merchandise.