Question 1 what is retailing retailing refers to the, Ask an Expert

Management Studies

Question: 1. What is retailing? Retailing refers to the activities involved in selling merchandise to ultimate consumers.

2. Explain the wheel-of-retailing concept. The wheel of retailing is the hypothesis that each new type of retailer gains a competitive foothold by offering lower prices than current suppliers and maintains profits by reducing or eliminating services.

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Management Theories, Management Studies

Category:- Management Theories
Reference No.:- M92268381

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