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How does the business model for e-retail compare to traditional retail?
Wiki User
∙ 14y ago
We have some difference between E-Retail and normal retail. In normal trade retail,
the customers are used to come down to outlets and it is easy to pick up what they
want because the outlets merchandise will be very attracting and also convincing
mode by executives in that retail. It will help customers to select the items but
where as in E-Retail, customers feel only some type of convenient buying only but
not satisfied with the support provided by the websites, even in that customers
won't get any assistance to know more about the products.
Wiki User
∙ 14y ago
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Strengths and weakness of traditional retail model?
The most common and most profitable digital business model is that of the traditional retailer.Like any othertraditional retailer has its own Strenghts & weaknesses mentioned below.Strengths of traditional retail model1)The traditional retail model is fairly simple to execute.2)Customers understand the retail business model easily.3)Traditional retailers spend quality time shaping the business through website.4)For the traditional retailer, customer relationships depend on the style of retailer. The low cost and cost plus retailer generally focuses on self service or pre-sale service, while the premium retailer emphasizes personal assistance and post-sale servicetraditional retail model has some weaknesses those are1)traditional retail model include additional expenditure and add more in existing expenditure.That include additional marketing and advertising costs, design and implementation of retail packaging, separate retail and wholesale supply lines, retail distribution costs and the cost of managing both customer and retailer relations. The cost of extending credit to retailers also must be considered in budget and financial projections.2)When any company changes its business model, a loss of focus within the company can occur. This can happen with both management and employees, as well as with existing customers.3)The corporate structure of a manufacturing business may not be practical or functional for a combined manufacturing-retail model.4)In order to compete in the retail marketplace, businesses must expand to reach the widest audience possible. This expansion may require additional resources on the retail side of the operations, as well as additional expenditures. The manufacturing side also must be considered with regard to increased output requirements to keep pace with the retail expansion.One of the best example for traditional retail model is Buynowofficesupplies.com a company serving Online office supplies from past many years in US.
What is the online retail marketing?
On-line retail marketing is marketing targeted at individuals. On-line business or business to business (b2b) marketing is targeting businesses.
What is one common business model for retail stores?
middle manWhich of the following is one common business model for retail stores
What are the best courses to take for college if you are interested in Business retail?
If you are interested in business retail, college is not required. If you are interested in business management, it is wise to take a lot of different business courses like marketing and economics as well as management classes.
What should be the percentage of salary to sales in a retail business?
7%
Strengths and weakness of traditional retail model?
The most common and most profitable digital business model is that of the traditional retailer.Like any othertraditional retailer has its own Strenghts & weaknesses mentioned below.Strengths of traditional retail model1)The traditional retail model is fairly simple to execute.2)Customers understand the retail business model easily.3)Traditional retailers spend quality time shaping the business through website.4)For the traditional retailer, customer relationships depend on the style of retailer. The low cost and cost plus retailer generally focuses on self service or pre-sale service, while the premium retailer emphasizes personal assistance and post-sale servicetraditional retail model has some weaknesses those are1)traditional retail model include additional expenditure and add more in existing expenditure.That include additional marketing and advertising costs, design and implementation of retail packaging, separate retail and wholesale supply lines, retail distribution costs and the cost of managing both customer and retailer relations. The cost of extending credit to retailers also must be considered in budget and financial projections.2)When any company changes its business model, a loss of focus within the company can occur. This can happen with both management and employees, as well as with existing customers.3)The corporate structure of a manufacturing business may not be practical or functional for a combined manufacturing-retail model.4)In order to compete in the retail marketplace, businesses must expand to reach the widest audience possible. This expansion may require additional resources on the retail side of the operations, as well as additional expenditures. The manufacturing side also must be considered with regard to increased output requirements to keep pace with the retail expansion.One of the best example for traditional retail model is Buynowofficesupplies.com a company serving Online office supplies from past many years in US.
Detail about e-retail business model?
detail about e-retail business models
What type of business was Woolworths?
Woolworth's type of business was retail sales. For a time this retail store chain dominated the retail stores market.
Why do organizations in business retail and administration carry out induction?
why do organisation in business retail and administration carry out induction? === ===
What is the difference between a wholesale business and a retail business?
wholesale sells to businesses, retail sells to public.
Does a retail business figure the breakeven price differently then than a service business does?
The retail business breakeven the price differently from service businesses.
What is the online retail marketing?
On-line retail marketing is marketing targeted at individuals. On-line business or business to business (b2b) marketing is targeting businesses.
Can all business use retail software?
Yes, all business's are able to use retail software. Some business who use this technology probably are not getting everything out of their system. The business need to know everything about retail software to get everything out of the system.
What type of business is Target?
retail
Is one common business model for retail stores?
middle manWhich of the following is one common business model for retail stores
What is one common business model for retail stores?
middle manWhich of the following is one common business model for retail stores
One of the most important differences between a service business and a retail business is in what is sold?
Yes, the biggest decision that affects how retail and service businesses operate is the product retail businesses sell. However, they are both in business to maximize profit.
