Long-term partnerships among channel members working together to reduce inefficiencies,costs,and redundancies in the entire marketing channel is called

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The concept described in the statement is supply chain management. It involves a long-term collaborative relationship among channel members to optimize the flow of goods and services from the supplier to the end customer while reducing costs, inefficiencies, and redundancies in the channel. Vertical channel integration refers to the ownership or control of the different levels in a distribution channel by a single entity, while industrial management and distribution are more general terms that do not specifically relate to marketing channels. Marketing management involves the planning, implementation, and control of marketing activities to meet the needs and wants of customers.

Long-Term Partnerships Among Channel Members Working Together to Reduce Inefficiencies,costs,and