Organised Retailing Serving the Bottom of the Pyramid

Retail club-Aurora07 Organised retail serving the bottom of the gain Institute Name School of Business Management NMIMS, Mumbai police squad phallus 1 Rohit Dhanuka Email Id drohit44@gmail.com Contact - 9920697423 Team Member 2 Vikas Chawla Email ID vikaschawla123@gmail.com Contact - 9833919901 Retailing encompasses the business activities knotted in selling goods and services to their consumers for their personal, family or household use. It includes any sale to final consumers ranging from cars to apparel, to meals at restaurants to theatre tickets. Retail is the largest nonpublic assiduity in the world, with total sales of $ 6.6 trillion. Retail industry accounts for almost 8% of the GDP in the western world. The particular that the largest company of the world by sales, Wal-Mart is a retail chain, nevertheless confirms to the significance of this industry. The retail sector plays a significant place in the world economy because of the contribution it makes. Organised v/s unorganised retail The unorganised sector is ordinarily associated with low-cost retailing consisting of street side vendors, supermarkets, kirana stores, paan-beedi shops, departmental stores, restaurants, hotels, handicrafts and so on, where normally only one person is in charge.

plainly there are major drawbacks associated with such kind of retailing such as: Low employee skills Problems associated with the management of human assets inability to offer a wide range of products need of sourcing capabilities Lack of proper storage facilities Now lets suck in a look at the organised retailing in India This sector is showing a great promise, as per reports it is evaluate to grow to 42% by 2008. The reason for the sector gaining popularity is that nows consumer is seeking better availability and quality, a winsome shopping environment, more financing options, return and exchange policies and militant prices. Use of plastic money such as ascribe cards for... If you want to get a full essay, tack together it on our website: Orderessay

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