Retail Management

DEFINITION AND SCOPE OF sell: The word �retail� is derived from the cut word �retailer�, meaning �to cut a slice off� or � to break bulk�. In elemental terms, it implies a first-hand transaction with the customer. Retailing can be specify as the buying and selling of goods and services. It can also be defined as the timely delivery of goods and services demanded by consumers at prices that are competitive and affordable. Retailing involves a precede interface with the customer and the coordination of business activities from end to end- right from the idea or design stage of a product or offering, to its delivery and post-delivery service to the customer. The industry has contri scarcelyed to the economic growth of some(prenominal) countries and is undoubtedly one of the fastest changing and dynamic industries in the world today. TYPES OF RETAIL OPERATIONS: Retail operations modify a set up to function smoothly without any hindrances. The substantial types of retail operations consist of: � Department store � Specialty store � fire/Mass Merchandisers � Warehouse/Wholesale clubs � Factory outlet Retail focus System targets small and midsize retailers seeking to automate their stores.

The package runs on personal computers to manage a range of store operations and customer marketing tasks, including point of sale; operations; store control and tracking; pricing; sales and promotions; customer counsel and marketing; employee management; customized reports; and information security. THE EMERGING SECTORS IN RETAILING: Retailing, one of the largest sectors in the global economy, is going through a transition phase not only in India but the world over. For a long time, the corner grocery store was the only choice available to the consumer, especially in the urban areas. This is slowly giving way to international formats of retailing. The traditional fare and grocery segment has seen the emergence of... If you want to get a full essay, order it on our website: Orderessay

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