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IKEA are a well known Swedish furniture retailer, selling flat-pack furniture. They have many large shops in many countries.

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Q: Northern European company operating in retailing market whose name starts by I?
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What is the difference between Product retailing and service retailing from point of view of retail marketing?

Product retailing is when a company sells a product that can come from a manufacturer, the store selling the item only sells it does not have a relationship with the consumer. Service retailing is selling a service such as cleaning a house or repairing a car, a relationship is built between the customer and the service provider. When marketing a product the marketer has to show that the product is desirable to the consumer, whereas when marketing a retail service it is a relationship that is being promoted not just a single transaction.


What is sorting process in retailing?

it allows the company to look at several manufacturers and compare quality and price to decide which products to purchase. It is also known as merchandising


What the market structure which in the company PETRONAS is operating and identify the question?

oligopoly


Is the measure of net income for a merchandising company conceptually the same for a service company?

Well if you look at it by the basics you will see both use the same Net income = revenue - expenses. However the income statement for the service company subtracts the operating expenses from the revenues to arrive at net income. The merchandising company subtracts the cost of merchandising from the revenue to arrive at gross profit. It then subtracts all other operating expenses to arrive at net income.


What are the advantage and disadvantage of centralization and decentralization in a company?

Centralization in a company makes sure that there is one unit of command that avoids confusion of orders. The problem comes when that one unit of command is not available and nobody knows what to do next. Decentralization helps the company to have each department operating in autonomy and in its best focus.

Related questions

What is Julian Graves best known for?

Julian Graves is best known for retailing health foods in the UK and Ireland. The company had 189 stores operating until 2012 when the company went into administration due to lack of profit.


Is HMV a global entertainment retailing company?

Yes, HMV is a global entertainment retailing company based in Britain. It operates 273 stores in the United Kingdom, Ireland, Singapore, and Hong Kong.


What does the acronym cnor mean?

Certified Nurse Operating Room Canadian Northern Railway Company Command Not Operationally Ready


What company provides petroleum exploration production refining trading logistics and retailing?

Galp


What was the operating income of Jessops camera company in 2011?

Jessops is a British photographic retailing company. In 2011, they had a revenue of 236.8 million Euros with an operating income of 5.7 million Euros. If one would like to know how much that is in Canadian or American Currency, one would have to go back and find where they stood respectively against the Euro. One could not use today's valuation to figure that out.


When was North Absheron Operating Company created?

North Absheron Operating Company was created in 1997.


When was Telephone Operating Company of Vermont created?

Telephone Operating Company of Vermont was created in 2008.


What is the tax amount in percentage for subway sandwich?

Subway is a multinational company and the tax amount will depend on the fiscal rules of where it is retailing.


When was White Nile Petroleum Operating Company created?

White Nile Petroleum Operating Company was created in 2001.


Is Alcatel European?

Alcatel is a European company


Is Ericsson European?

Ericsson is a European company


Is Siemens European?

Siemens is a European company