Essay specific features
June 16, 2016
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9 / 2290
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Convenient and pleasant ambiance
5. Services ? alterations etc.
? Manufacturers perspective
1. Takes inventory risks
How would we define retail as an industry ?
1. Retailing is a service Industry :
Compare it with a hotel . You can have 1 star hotels and 5 star hotels. A hotel sells rooms and meals , a store sells clothes / FMCG products etc...
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A hotel sells rooms and meals , a store sells clothes / FMCG products etc. .Both are required . 1 star hotels will command a room rent of Rs 500/- , 5 start hotels will command a room rent of Rs 5,000/- .
2. Retailing is an entertainment industry : Take the example of PVR .
Peculiarities of the Fashion Industry
Psychological obsolescence ? presents both an opportunity and a threat ...
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