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Retailing.pptx

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Retailing.pptx

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The process of selling merchandise to the ultimate consumer. The retailer is an intermediary in the marketing channel because he or she is both a marketer and customer who sells to the last person to consume.

The process of selling merchandise to the ultimate consumer. The retailer is an intermediary in the marketing channel because he or she is both a marketer and customer who sells to the last person to consume.

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Retailing.pptx

  1. 1. Retailing The process of selling merchandise to the ultimate consumer
  2. 2. Agenda 1 2 3 4 5 Introduction Functions Customer Functions 2 Presentation title 20XX Difference
  3. 3. Introduction Performs many marketing activities such as buying, selling, grading, and developing information about customer’s wants. The retailer is an intermediary in the marketing channel because he or she is both a marketer and customer who sells to the last person to consume. 3
  4. 4. 4 Presentation title 20XX
  5. 5. Differences
  6. 6. ORGANIZED AND UNORGANIZED RETAIL BUSINESS 6 Presentation title 20XX ORGANIZED Trading activities undertaken by licensed retailers. Example corporate backed hypermarkets, retail chains and also privately owned retail businesses. Offers customer more convenience, choice, control with an experience of comfort and speed. UNORGANIZED Refers to the traditional formats of low cost retailing example the local kirana shops, owner manned general stores, paan shops etc. featured by poor and old infrastructure, insufficient upstream processes and absence of skilled manpower. Not registered with any legal provision and dosed not maintain regular accounts. They are small and scattered units which sell products at a fixed or mobile location.
  7. 7. 7 Presentation title 20XX Base of difference Organized retail Unorgfanized retial Concept Modern Traditional Registration and maintenance of accounts compulsory Not compulsory by law Number of Items Large Few or limited Size and layout Large and Attractive Small and unorganized Type of employees Specialization required Perform varied functions Capital requirement High less Terms of employment Regular and job security exists NO job security Business style Run on corporate style Run on sole trading or partnership style Business network Vast Narrow Some examples Supermarkets, departmental stores. Teleshopping etc. Cobbler, vegetable vender, kirana shops etc.
  8. 8. DIFFERENT TYPES OF RETAIL BUSINESS ESTABLISHMENTS 8 Presentation title 20XX 1) Based on Merchandized offered 2) Based on ownership  Based on Merchandized offered: a) Convenience store b) Supermarkets c) Hypermarkets d) Specialty stores e) Departmental stores f) Catalogue store g) Discount store h) Shopping store i) General store j) Warehouse store k) Variety store
  9. 9. 9 Presentation title 20XX  Based on Ownership: a) Independent store b) Corporate store c) Franchising d) Consumer cooperatives e) Other e-retailing, vending machine, automated retail stores.
  10. 10. 10 Presentation title 20XX VENDING MACHINE
  11. 11. FUNCTIONS OF RETAILERS 11 Presentation title 20XX 1) Breaking bulk into small quantities 2) Providing product info to customers 3) Providing customer service 4) Creating convenience 5) Providing feedback to producers
  12. 12. CONCEPT OF CUSTOMER 12 Presentation title 20XX One who buys goods is a customer but who consumes goods is consumer. a) Loyal customer: These customer are less in number and promote more sales, spreads word of mouth. b) Discount customer: They are only part of business wait for stock clearance, sale and discount periods, only purchase low cost products. c) Impulsive customer: They buy merely looking at displayed products hence it is challenging to sellers to handle such customers as they usually make more purchase if product is visible to them during purchasing period. d) Need based customer: They asre product specific, only buy habitual products or have need for, tough to satisfy. e) Wandering customer: New customer who are looking for something new and fresh, require attention. 4Ps of customer service a) Promptness b) Politeness c) Professionalism d) personalisation
  13. 13. CUSTOMER SERVICE FUNCTIONS 13 Presentation title 20XX 1) Customer Support 2) Pre sales 3) Marketing 4) Sales 5) Technical support 6) Social media customer services
  14. 14. 14 Presentation title 20XX Customer Support
  15. 15. 15 Presentation title 20XX Pre sales
  16. 16. 16 Presentation title 20XX
  17. 17. 17 Presentation title 20XX
  18. 18. Business opportunities are like buses. There’s always another one coming. Richard Branson 18 Presentation title 20XX
  19. 19. Thank you

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