Retail Business And Analyze Effective Ways To Increase Sales
By: Rafli Faiz Aqmal (21080324067)
PTN 2021I Classification Of Retail According to one expert named Sopiah & E.M. Sangadji, retail can be defined as daily sales activities of goods or services to meet consumer needs. The definition of retail business is a business activity that involves sales transactions of goods or services to consumers in unit quantities or retail for personal consumption and not for resale. An important function of this retail business is to offer and distribute products from producers to consumers optimally. Types of Retail Business • Based on Products Sold Based on the products marketed, retail is divided into three types. Namely, retail products that sell goods, for example toy stores. Retail service with service offerings such as vehicle servicing. As well as, non-store retail to market goods using certain media, for example vending machines. • Based on Ownership There are three types of retail which are categorized based on the nature of the owner, namely independent retail such as stalls, grocery stores and shophouses, franchises such as franchises, and business groups such as supermarkets or department stores that are tied to one management. Types of Retail Business
• Based on Sales Location
Retail businesses can also be differentiated based on their sales location. Entrepreneurs who have direct access to major roads are categorized as retail strip malls or commercial land. Retailing Classification 1. Retailing classification - Store based: Transactions take place through retail store intermediaries. This classification is divided into two more; shops based on ownership and shops based on goods sold. 2. Non-store based: Usually focuses more on direct contact with consumers. Contact can be made personally through direct selling or non-personally through TV, Internet, email marketing, telephone or catalogues. 3. Service-based: Offering various types of services to consumers. These services can be banking, rental, electronic services, etc. Factors such as service quality, features offered, uniqueness of service, and time required are things that determine the success of a service-based retail business. In-store Retailing vs Non store-retailing • Store retailing is when the store uses a space to display products where customers can purchase them.
• Non-store retailing is when the retailer doesn't have a
physical space. Such as Amazon.
• Non-store retailing might also be direct sales (the door
to door salesman) or the automatic vending machines. Examples of In-store Retailing & Non- Store Retailing
Examples of retail outlets are those found
in supermarkets, malls, or hypermarkets. on-store retailing, considered a more modern trend, is a form of retailing whereby the sellers display or sell their merchandise outside the confinement of a physical facility. THANKYOU!