What Is Retail

WHAT IS RETAIL Retail is the final connection in the trade in channel and brings goods from manufacturers to its last-ditch consumers. Retailing is the combination of activities involved in selling or renting consumer goods and services directly to the last consumer for their personal consumption. In addition to selling, selling includes diverse activities equivalent get , advertising , data processing etc. For exemplar: mammary gland n Me, Nike , Haldiram etc. Retailing is plenitude more than simply buying and selling. Retailers even add fasten to products they sell creating several utilities to the consumer. In all, any organization or individual selling goods or services to final consumers whether it is a manufactures or seller , they atomic number 18 set to engaged in relating. It does not matter how the goods be exchange either through e-mail or internet. a copulate of(prenominal) examples ar : Amazon.com, Ebay.com etc GROWTH PERCENTAGE OF O RGANISED AND UN-ORGANISED RETAIL macrocosm IN INDIA Almost 93% of retail is manned by un organise sector. Efforts are to bring the contribution to 9-10% by make sector. The BMI India Retail Report for the first quarter of 2011 forecasts that the total retail sales will grow to US$ 674.37 one thousand thousand by 2014, from US$ 392.63 billion in 2011.

The growing wealth with the worldly-minded in India, the state size and the big percentage of universe being in 30s, makes immense possibilities for entrepreneurial growth in the retail sector. Some of the fastest growing fractions of this industry are food & beverages, electronics and apparels. The consumer electronics surgi cal incision is expected to grow at about 55! % between 2011-2014, with most of the growth driven by demand for TVs, mobile devices and laptops and desktops. With changing lifestyles and habits, food segment is also expected to double to US$ 150 billion by 2025. DIFFERENCE BETWEEN ORGANISED AND UNORGANISED REATAIL The Indian retail industry is divided into two sectors- organized and...If you doom to get a full essay, order it on our website: OrderEssay.net

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