day‚ because all necessary facilities are provided for them. In large cities and even in small towns there are all kinds of shops and stores as well as supermarkets. Supermarkets are big self-service food shops (and not only food nowadays) where one can buy a lot of goods cheaper than at local grocer’s. When people go to supermarkets or other large food stores they are often looking for bargains. By the way these shops are brightly lit and usually well laid out; pleasant music is always playing
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SST 2383 Discussion Question 1. The large store variety and layouts of merchandise would likely appeal to consumers in India for a few reasons. One reason would be that these large retailers could create more efficiency in that they would allow a customer to purchase a wide assortment of goods in one stop. Another reason is that they could sell brand-name products at more affordable prices. It may be wise to also take into consideration that more than half of India’s population consists of people
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Retailing- Meaning & Definition Retailing consists of the sale of goods or merchandise for personal or household consumption either from a fixed location such as a department store or kiosk‚ or from a fixed location and related subordinated services. In commerce‚ a retailer buys goods or products in large quantities from manufacturers or importers‚ either directly or through a wholesaler‚ and then sells individual items or small quantities to the general public or end-user customers‚ usually
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Modern Trends in Retailing Self Service * Products are displayed on open shelves. * Customers have to select them put them into trolley‚ take it to cash counter‚ make payment and arrange for their transportation. * Generally used in large scale retailing especially supermarkets. Advantages To Retailers 1. Lesser requirement of shop staff. 2. More sales in given time. 3. More sales due to impulse buying. More turnover. 4. Attraction to the customers. To
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pg 275. Put these in Digital Drop Box. 4) Read Retailing View 10.1 on pg 281 and Retailing View 10.3 on pg 294. 5) Read Chapter 10 Summary on pg 302. 6) Answer Discussion Question #5 on pg 303. 7) Do the Discussion Board Question. Page 275 1. Human Resource Management is especially important in retailing due to the simple fact that it involves such a vital aspect of any and every retailing organization-the employees! What is a retailing business without people working for it‚ with it‚
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adopting eco-friendly practices and producing products that are environment friendly. Today‚ everyone is concerned about preventing environmental degradation. Retailers have sensed the need for green retailing and now most of the Indian retailers are stepping into this new avenue. Previously‚ green retailing was perceived as a ‘nice-to-have’ phenomenon. But lately‚ producers and consumers have realised that it is a ‘must-have’ phenomenon as environmental protection has become a priority. Green Retailers
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FDI IN MULTIBRAND RETAILING Every second day we read newspaper headlines discussing the most debatable issue of the country i.e. FDI in multibrand retailing. Is it going to pinch our pockets or will it b a boon to India?? Let’s take an insight of it…. Meanings FDI i.e. foreign direct investment is an investment made by a company or entity based in one country‚ into a company or entity based in another country Retail is the sale of goods and services from individuals or businesses to the end-user
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.................................................................. 12 Contacts .......................................................................... 13 Foreword Over the past five years‚ the efforts of the airports to develop revenue from non-aeronautical sources have driven strong growth in the airport retail sector. The sector will become all the more strategic as the decline in air traffic forces airports to reduce their dependency on airline fees. Airports are battling to improve performance
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CHAPTER 1 Retailing – a set of business activities that adds value to the products and services sold to the consumers for their personal or family use A retailer is a business that sells products and/or services to consumers for personal or family use A Retailer’s Role Attempt to satisfy consumer needs by having: the right merchandise at the rice price‚ place‚ in the right quantities‚ and at the right time Retailers Role in the Distribution Channel Ex. Manufacturing -> Wholesaler ->
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FDI IN MULTI-BRAND RETAIL Retailing in India is one of the pillars of its economy and accounts for 14 to 15 percent of its GDP. The Indian Retail market is estimated to be US$ 50 billion and one of the top five retail markets in the world by economic value. India is one of the fastest growing retail markets in the world‚ with 1.2 billion people. As of 2013‚ India’s retailing industry was essentially owner manned small shops. In 2010‚ larger format convenience stores and
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