population and distance were not the causes of consumer store choice but could be used as good substitute variables for all the factors influencing consumers’ the law of retail gravitation was developed to explain the strength of one city’s attraction on consumers living near it. In effect‚ this law states that two cities attract retail trade from an intermediate city or town in the vicinity of the breaking point (that is‚ where 50 percent of the trade is attracted to each city) approximately in direct
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Describe the structure and organisation of the retail sector Retailers provide a service to customers at a profit. They are able to do this since the aspects of retailing – operating from an appropriate location‚ offering attractive product variety‚ ensuring enough stock is available to meet demand – add value to the products bought from suppliers and eventually sold to customers. Retailers cut their bulk deliveries from suppliers so individual customers can buy the quantity they require – very
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1. Direct and Indirect Signals/Retail Sales A key aspect of economics is the collection and analysis of the vast amounts of data generated throughout global economies. The interpretation of this data can provide important signals for the future direction of the economy. There are two forms of signals that arise from the various economic data that is collected. The first are direct signals‚ which measure the movement in what is being measured. These usually take the form of a given macro
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An Alternative Retail Pricing Policy for Petroleum Products: A Case Study of Gasoline and High Speed Diesel in Thailand Thiraphong Vikitset School of Development Economics National Institute of Development Administration 118 Seri Thai Road‚ Bangkapi District‚ Bangkok 10240‚ Thailand E-mail: thiraphongv@yahoo.com. 2 Abstract This article examines the retail pricing policy of gasoline and high speed diesel in Thailand. The pricing policy of these two products is characterized by cross price
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collect information regarding the same‚ which would be of great use in my near future as a professional. Justification can not be done to whatever I have learnt within a few days but I have still tried my best to cover as much as possible about “Retail lending schemes of CANARA BANK” in this report. Being students of Masters in Business Administration‚ we need to be aware of the organization internal environment. Summer training helps us to understand these concepts related to the organization
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In the retail industry‚ it seems as though we are constantly faced with the issue of trying to find new customers. Most of us are obsessed with making sure our advertising‚ displays‚ and pricing all “scream out” to attract new customers. This focus on pursuing new customers is certainly prudent and necessary‚ but‚ at the same time‚ it can wind up hurting us. Therefore‚ our focus really should be on the 20 percent of our clients who currently are our best customers. In retail‚ this idea of focusing
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BRINGING EFFICIENCIES IN RETAIL SUPPLY CHAINS Dr Jamshed A. Modi Professor‚ Operations Management S P Jain Institute Of Management & Research‚ Bombay 91-22-2623 7454 modi@spjimr.ernet.in Introduction – Some will say that the retail sector in India is about to take off‚ what with the Ambanis planning huge investments in the sector in the near future. I would say it already has‚ or at least the nose-wheel is off the runway. The retail sector in India today is un-recognizable from what
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Announces A Paper Presentation Contest in RETAIL MANAGEMENT At “Talking Shop” -The RAI-GSB Retail Conclave Retailers Association of India (rai) announces a Paper Presentation Contest for the management students of B-Schools in Retailing Excellence in India on the occasion of ‘Talking Shop 2010’ to be held from September 29th – 30th‚ 2010 at Gnanam School of Business‚Thanjavur. We invite papers on the following guidelines: Defined Areas in Retail Management For The Contest : 1
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The Science of Shopping and Future of Retail In the video “The Science of Shopping and Future of Retail” Devora Rogers addresses the current trend in shopping in addition to some of the ways this practice has incorporated decision-making. During her speech‚ the narrator provided an insight into shoppers’ decision-making procedures slightly before purchasing a given item. In reference to the information shared by Rogers‚ it is certain that in the past‚ buyers spent little time on limited sources to
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horizon. Both businesses have to adapt themselves to the ever-changing demands of American consumers. E-commerce has gained popularity with consumers due to its lower taxes‚ overhead‚ and few or no physical stores. With high overhead‚ employee gaps‚ and retail storefronts‚ more brick and mortar companies are facing greater difficulties conducting business in their current state of form. E-commerce is growing today‚ due to its large price advantage E-commerce in favor of larger brick and mortar companies
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