.what do you consider retailing? what do you believe is the primary role of the retailer?...

.what do you consider retailing? what do you believe is the primary role of the retailer? what social and economic significance does retail play overall in the world of business? what are some of the many shifts in retail you see today that will affect the future and how does this impact you presently? will this impact how you think about the future? furthermore, what are some of the types of retailers?

Expert Solution

Retailer is the business of sales of good through a shop or through an online platform. The margin of profit they get from selling the products is the revenue of retailing. It involves service aspect and a verified bill of purchase. The major social and economical signifiance are the service through selling goods and maintain the demand and supply for the product, The work on economies of scale and create major significance over the economy .The main shifts in retail are emergence of e-commerce and it is getting more popular. It will gradually replace many brick and mortar shops, The technological advancement has helped retail to grow more faster than before and increased the competition. The major future impact would be thrat of small retail shops and it will get swallowed by retail giants. People buying power and bragainin power will increase and retail has to be more aggressive in nearby years.Globalisation will help more in retail business to get products from all over the world

keosha answered 1 year ago

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