Which of the following is NOT a key component of distribution management?

The selection of product development as the option that is not a key component of distribution management is accurate because distribution management primarily focuses on the processes involved in delivering the final product to customers. Key components of distribution management include inventory management, which ensures that the right amount of product is available at the right time; supply chain coordination, which involves integrating various functions to optimize the flow of goods and services; and customer service and support, which is essential for maintaining customer satisfaction and managing relationships.

On the other hand, product development pertains to the design and creation of new products or the improvement of existing ones, which is a distinct function that typically falls under the domain of product management or marketing rather than distribution. This separation of functions highlights why product development does not belong as a key component within the scope of distribution management.