The Organised retailing refers to the trading activities undertaken by licensed retailers that is those who registered themselves for sales tax ,income tax ,etc.These include the corporate -backed hypermarkets and retail chains and also the privately owned large businesses.Whereas, Indian retail is dominated by a large number of small retailers consisting of the local kirana shops, owner-manned general stores, chemists, footwear shops, apparel shops, paan and beedi shops, hand-cart hawkers, pavement vendors, etc. which together make up the so-called "unorganized retail" or traditional retail.
Retail provides a product for sale. Hospitality provides a service for sale
Retail are sales direct to the consumer and wholesale is when you sell to a distributor who then resells.
Wholesale banking is the business transactions that go on between banks. Retail banking has to do with direct customers of the bank.
These terms are usually used synonymously.
Retail Banking is nothing but the one which directly deals with and stands for General Public . And the other types like Commercial and corporate are what we can say as Non-Retail Banking
Differences between organised and unorganized retail can be specified on the basis of their ownership, logistic and supply chain facilities and structure of management (Both in formal and In formal buying organisation ) .
organized retail is nothing but a retail place all the items are segregated and brought under one roof, unlike the unorganized retail where there are different things are sold in different shops. It also aims to bring maximum of different brands making the same type of product together.
Organized retail is a very simple set of terms. Organized retail means that the items that are sold in the retail store are sold and held in a very organized way.
retail malls will have a negative impact on the growth of small retailers but they will still continue to survive due to proximity from homes and customer relations,thus small retailers will continue to exist but on a small scale, so both organized and unorganized will co-exist.
Carpet area is carpet area and retail area is retail area
Shrinkage is the difference between the stock on the inventory book and the actual physical stock. Shrinkage is also deifned as the difference between the value ( retail price ) of the stock on the inventory book and the value of the ( retail price ) actual physical stock. Shrinkage % is calculated as the difference between the value ( retail price ) of the stock on the inventory book and the value of the ( retail price ) actual physical stock by the retail sales of this volume
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trash bags are black and bulky , retail bags are fancy
wholesale sells to businesses, retail sells to public.
Retail provides a product for sale. Hospitality provides a service for sale
Organized retail is a sector which consists of the companies which are associated with production or sales of goods and services that operates as private limited organizations which are governed by companies act. The organized retail sector can be characterized.
There is little difference between a retail store and a department store. A retail store offers many brands and products designed as a single store. A department store is normally one brand or company but may be a part of a larger retail establishment such as a mall.