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Some of the many costs involved in retailing are:
- rent
- utilities
- taxes
- insurance
- employees
- furniture / display fixtures
- supplies
- shipping the goods to you
- telephones
- computers
- legal fees
- advertising
- loan expenses
- inventory
- permits / licenses
- Web Hosting (for e-tail)
- software
- shrinkage
What else can I help you with?
What is the retailing strategy of using moderate to low prices on large quantities of products and lower service to stimulate a high turnover of inventory?
The retailing strategy described is known as "discount retailing" or "low-cost retailing." This approach involves offering moderate to low prices on a wide range of products, which attracts price-sensitive customers and encourages bulk purchases. By maintaining lower levels of service, retailers can reduce operational costs, allowing them to sell larger quantities and achieve a high turnover of inventory. This strategy is commonly employed by big-box retailers and warehouse clubs to maximize sales volume and profitability.
How does the transaction cycle in the document flow of accounting records differ when moving from retailing to e-tailing?
it doesnt chief
Are selling costs variable costs?
If selling costs varies with production level then selling costs are variable costs but if they remain fix then these are fixed costs.
What is the difference between actual costs and budgeted costs?
Actual Costs are costs which have occurred and can be reliably measured. Budgeted Costs are costs which have been estimated, possibly by using Forecasted Costs.
Variable costs are relevant and fixed costs are irrelevant?
Generally variable costs are relevant costs but if due to any decision fixed costs are also going to affected then fixed costs are also relevant costs.
Disadvantages of retailing?
One disadvantage to retailing is the costs associated with running a retail facility. You have to pay for utilities and market the location.
What is the advantage of retailing?
retailingwhat is retailing,its advantages,who are the players in retailing,is there any rules and regulations to run retailing according to government,did foreign players enter into India directly? what are the benefits of retailing?
What are the essential features of retailing?
future of retailing
How big is the retailing industry?
What Retailing Industry?
What are types of non store retailing?
vending, direct retailing, direct marketing, electronic retailing
What is value- added retailing?
what is value added retailing
What does erosion of department store retailing illustrate?
wheel of retailing
When was Fast Retailing created?
Fast Retailing was created in 1963.
What is the difference between retailing and merchandising?
what is the diference between merchandising and retailing
What is the retailing sector?
retailing sector is comprise of whole sellers managers and consumers.
Why is retailing undergoing changes nowadays?
it is a big question, it retailing, undergoing, whatever
Describe retailing as an entrepreneurial activity?
describe retailing sa an entrepreneurial activity
