Identify Types Of Business Franchises And Differentiate Key Factors Essay

Retail: The sale of goods to the public in relatively small quantities for use or consumption rather than for resale.

“Retail is the business of selling goods made by others to individual consumers. It is a huge industry, dominated by Wal-Mart, which touches every corner of the globe. Due to the decline in the global economy, the future of many retailers is uncertain as consumers begin to spend less. The retail industry is the last step in the process of getting products to customers efficiently, and should not be confused with the wholesale activities which precede it. The difference between the two is that wholesalers are companies that sell their products to businesses, whereas in retail, the goods are sold

Retailing is one of the largest industries in the United States and accounts for approximately 10 percent of the gross national product. A retailer is someone who purchases items from a supplier or wholesaler for re-sale at a profit. The retailer earns his or her living by making a profit on the re-sale. Retailers purchase a product, mark up its cost, and advertise it for sale. The mark-up process is the key to the retailers business because if the product is marked up too high, consumers will not buy it. If it is marked too low then the retailer will have lost profits and the supply may be quickly exhausted. Another key to the retail business is knowing what the customer needs or wants and when, how much the customer is willing to pay for the product, what the competition is charging, and where to find the product at the best possible cost to make a profit.

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

Task 1 - Describe the distribution process through different channels from the manufacturer through to the customer for the following; an independent retailer and a multiple retailer. (P2)

. 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.

The products created in the OEM channel vary significantly in end user. The visuals below help illustrate the variety of products manufactured. Because of the diversity of products, an industry analysis was completed using the manufacturing industry. Production in the manufacturing sector depends on consumer spending and retail sales, and

Data that is found from the research will be analyzed in different food franchise around the South Dakota area, focusing on smaller towns. Based on what we find, we will provide recommendations dealing with the financial and legal process, and other obstacles, along with suggestions where the food franchise should be established.

Retailer or retail store is any business enterprise whose sales volume comes primarily from retailing.

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.

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

* Retailing of those items which required same dealing and processes like electronics, home appliances and mobile etc.

A RETAILER is a business that sells products and/or services to consumers por personal or family use.

The retailing industry is about selling a wide variety of goods to customers including electronics, books, clothes etc. WH Smith and Game Digital fall under this sector (Hoovers, 2014). In the UK, the retail industry is regarded as one of the largest sectors. The retail sales were £310 Billion in 2012 (Department for Business Innovation & Skills, 2013).