A Brief Note On The Integrated Business Operations

customer demand) or by new products for which markets must be found and exploited. A successfully integrated system will have two components (Allen, 2011):

The retail industry is a sector of the economy that is comprised of individuals and companies

Retailing is the selling of goods directly to the consumers; this can be achieved in many locations or formats. It is the last stage of the supply chain.

Today, the most important commercial activity is considered retailing, as the retail stores provide the consumers with various products and services. There are many fields in the retail industry such as franchise stores, supermarkets, specialty stores, variety stores, online merchants, and supermarkets. By having many types of merchants, the retail industry thus helps the customers to freely choose the sellers, or stores, and enjoy buying products at the selected stores. As various merchants sell almost all types of physical goods ranging from food, books, beauty aids, toys, automobile parts, clothing, and shoes, the total retail sales in 2013 were around $5 trillion, according to the U.S. Commerce Department. The total retail sales in 2013

The U.S. Bureau of the Census defines wholesalers as: The activities of those persons or establishments which sell to retailers and other merchants, and or to industrial, institutional, and commercial users, but who do not sell in large amounts to final consumers.

Vertical integration is the process that a company goes through to create and sell their product. It starts off with it being made in the studio then the company finds suitable PR and advertising individuals to help sell the product and get it on to the market. When that is done the company looks for streaming websites, cinemas and DVD distributes so the audience have access to their product

Vertical integration is a system where an organization grows its business operations into various steps on a similar creation way, such as when a manufacturer owns its supplier or distributor. Vertical integration can help organizations lessen costs and enhance efficiencies by diminishing transportation costs and decreasing turnaround time, among different favorable circumstances (Clara, 2016). Notwithstanding, in some cases it is more viable for an organization to depend on the set up mastery and economies of scale of different sellers as opposed to attempting to wind up vertically integrated. It can be a forward integration or backward integration or a combination (Berkowitz, 2011). For example, acquiring a supplier or distributor in the

. These products are then sold to businesses as wholesale goods. A price is then attached to the item and is then sold as a retail product.

Retail is when business sells products and provide service to the customer to make a profit. An example of a retail business is TESCO. There are many different types of retail sectors in UK which have different organisation and structures. In order for business to operate they will need to find the appropriate location, products they will sell to customer in order to gain profit for the business.

If a new franchise an offer the consumer a quality product at a reduced price, then the chances of success are greatly increased. For example, Chanello’s and Little Caesar’s offer discounted pizza prices, and maintain the same quality as other pizza chains. These companies spend less on advertising and more on the actual product. That’s a very important concept in this industry, because their quality product at this discounted price gives them a niche in the market. Once a company establishes a niche, they become more visible to the

Sector: Retailing as a sector includes subordinated services, such as delivery. The term "retailer" is also applied where a service provider services the small orders of a large number of individuals.

Franchisors are increasingly having to be more and more selective in the adoption of franchisees with factors such as economic climate and the potential difficulty with growth playing key factors in the decision making process. It is not simply an ability to grow which creates a successful Franchise and nor is it the desire of any franchisor to adopt every potential franchisee. Franchisors are becoming more and more scrutinising as the global economy declines. There is a general understanding within any franchised

Any product or service that can be exchange in return for money will fall under this category. It may be a single product or a series of products that falls under a product line. This is because the more the goods sold; the demand for that particular item will rise increasing the sales eventually making it a successful product.

The reseller markets, is the supermarket or the personal businesses whose buy and offer the item again to get profit. Furthermore, the international market those that brought the item outside New Zealand for business or individual needs.

Manufacturing and retail is defined as when the product is ready to sell to the customers in other words direct transfer to manufacture to retail.