Table of Contents
What is organized retailer?
Organized retailing is the process of selling goods or merchandise all under one roof in a fixed location such as a departmental store, hypermarket, supermarket or even a convenience store.
What are the important characteristics of an Organised retailer?
Important Characteristics of Retailing are given below:
What do you mean by unorganized retail?
1. The traditional formats of low-cost retailing, for example, the local corner shops, owner manned general stores, paan/beedi shops, convenience stores, hand cart and pavement vendors, etc.
Related Question Why is organized retail important?
What is retailing Why is it important retailing?
The retailing industry mobilizes the investment and savings of people, as a small shop can be set up with minimal investment. They store merchandise, mark prices on it, place items on the selling floor, and otherwise handle products; usually they pay suppliers for items before selling them to final customers.
What do you understand by independent retailer and explain briefly It characteristics?
An independent retailer is someone who is completely responsible for his or her own business. The retailer owns or has bought an independent store and has built the business from the ground up by assessing all needs of the store, which can include staffing, marketing, merchandising, sales, etc.
What are three benefits of retailing?
If you sell any kind of merchandise, there are still advantages to using traditional retail outlets.
Which is one of the advantage of Unorganised retailing?
ADVANTAGES OF UNORGANISED RETAIL SECTOR
The advantages for unorganized retail sector or traditional retailing are low cost structure, low real estate and labour costs.
What are the example of organized retailing?
Examples of Organized Retailers across the World
IKEA is a Swedish organized retail share which is the world's largest retailer in furniture since 2008. It has multiple outlets all over the world. The headquarter of IKEA is in the Netherlands.
What are the advantages of unorganised sector?
Unorganised sector contributes more to the Indian economy than organised sector. It is beneficial as in some unorganised sector because the time is flexible. Rural women prefer seasonal work to support their families.
What is Organised retail in India?
Indian retail market
|Indian Retail Group||Market Reach in 2011 and Notes|
|Spencers Retail||200 stores in 45 cities, 1 million square feet space|
|Reliance Retail||708 mart and supermarkets, 20 wholesale stores in 15 cities, 508 fashion and lifestyle ₹1,206 crore (US$160 million) per month sales in 2013|
Why is Organised sector better than Unorganised sector?
Answer:Organized sector—is better than unorganized sector : (i) Workers in the organized sector enjoy security of employment. (ii) Workers get several benefits from the employers like paid leave, provident fund, gratuity, etc. If they work more, they have to be paid overtime by the employer.