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Written by:

Maxine G


Date added:

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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