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What is large scale industry? The company which has investment more than 3 cores in the plant and machinery. What is infrastructure? It refers to the environmental factors which help company to work with the efficiency, accuracy and to achieve desired goal. What is technology? It refers to the way or the method of doing the work with the maximum efficiency. It include the creativity, innovation and improvement in the current method or process.
INFRASTRUCTURE
Infrastructure includes (1) Company building (2) Companys Location (3) Companys Services [ Like transportation, water, electricity. (4) Shipping
Role/Importance of infra. :(1) It helps to achieve companys desired goal. (2) It Provides efficiency in work. (3) It creates value to the product & service. (4) Creates time efficiency. (5) Cost saving tool. (6) Helps to achieve economy in the work. (7) Reduce the wastage of the resources.
Technology
Technology is new way or method of doing the work.
It includes
(1) Creativity
(2) Innovation [ in process, management, organization structure, product, etc. (3) New Ideas
(4) advancement in the machinery.
Limitation :(1) Company need more fund to set technological advancement. (2) Company need highly skill personnel to implement the technology. (3) The innovation may become outdated earlier. (4) Sometimes unique innovation may result in monopoly in market which leads to lower growth of market.
Technology :Technology helps retail industry in many ways like => Barcode reader => Computers => Inventory management software => Supply chain management software => Electronic payment machine
CONCLUSION
It could be concluded that infrastructure & technology plays very important role in retail industry and in any large scale industry. It helps company to develop their overall growth of the company.