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Why is retailing industry important?
The retailing industry is vital as it serves as the primary point of contact between consumers and goods, facilitating the distribution of products from manufacturers to end users. It drives economic growth by creating jobs, generating tax revenue, and stimulating consumer spending. Additionally, retailing fosters innovation and competition, leading to improved products and services. Overall, it plays a crucial role in shaping consumer behavior and preferences.
How retailing helps the economic growth of the country?
By reselling goods it cheaters a worspace which require both workforce and capital. Workforce being paid is considered "employment compensation" and used up capital are main parts of value added in nation economy. Economic growth, which is most often refered to as GDP growth consists mainly of value added growth, therefore by retailing and making jobs you are helping economy grow. To put it simply: it creates jobs.
When was Americans Well-informed on Automobile Retailing Economics created?
Americans Well-informed on Automobile Retailing Economics was created in 2005.
What is importance of petroleum in economic development?
It has a lot of importance since most of the world's fuel is based on petroleum in some way.
What is the socio economic significance of a problem?
The socio-economic significance of a problem refers to its impact on both the social and economic dimensions of a community or society. Such problems can affect employment rates, income distribution, access to resources, and overall quality of life, influencing social stability and cohesion. Addressing these issues is crucial for fostering sustainable development, as they often intersect and exacerbate each other, leading to broader societal challenges. Ultimately, understanding this significance helps policymakers prioritize interventions that promote equity and economic growth.
How do you define retailing?
Retailing is the economic activity of selling goods in small quantities to end users or consumers.
What is the meaning of retail?
Retailing is the last phase/stage of any economic activity where you sell the product or service to the end consumer.
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 is the economic significance of insurance market in Nigeria?
Economic Melt Down.
How big is the retailing industry?
What Retailing Industry?
What are the essential features of retailing?
future of retailing
What are types of non store retailing?
vending, direct retailing, direct marketing, electronic retailing
What has the author G W Kitson written?
G. W. Kitson has written: 'The economics of retailing fresh fruit and vegetables with special reference to supermarkets' 'Fresh vegetables retailing in New Zealand: an economic survey' -- subject(s): Vegetable trade
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
