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What is retailing..?
The word retail is derived from the French word
retailer which means to cut a piece off or to break bulk. In simple terms , it implies first hand transaction with the customer.
Retail sectors
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.
Unorganized retailing is
based on the principle of singularity. In unorganized retail sector there are not many thing or may be one thing under one roof. In unorganized store, everything is everywhere and nothing has a place!
What is fdi
FDI (Foreign direct investment) is a
method of allowing the external finance into an economy. India is the second most preferred FDI destination after China.
Better lifestyle
Greater level of wages paid by international players usually More product variety Newer product categories
Tourism Development
A strong retailing sector boosts tourism as seen from the experience of Singapore and Dubai
Cont.
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