Retailing is a separate subject of studies like management and marketing. The function of retail management is merchandising and ensuring that commodities get to the consumer. Download Scope PowerPoint templates (ppt) and Google Slides themes to create awesome presentations. 1. Remove this presentation Flag as Inappropriate I Don't Like This I like this Remember as a Favorite. Capital Management. Before we look at the scope and nature of retail marketing, we need to pause for a moment and actually think about what is retailing itself. - PowerPoint PPT Presentation. Cost and production Analysis. 5. Retailing is a fascinating sector, we all interact with retailers when we all shop virtually every day. But there are series of characteristics that make us think about how we apply marketing. The organized retailing sector in India is only 3% and is expected to rise to 25- 30% by the year 2010. As all the big fashion retailers in the market have already made their presence felt along with the medium enterprises on their way to make it big, it signifies the evolution that is taking place in the retail market of the fashion industry. 4. Demand Analysis and Forecasting 2. modern trade) makes up 3 percent or US 6.4 billion ; As per a report by KPMG the annual growth of Free + Easy to edit + Professional + Lots backgrounds. Estimated to be US 200 billion, of which organized retailing (i.e. As regards the scope of business economics, no uniformity of views exists among various authors. researches have been conducted and professionals being hired to make this sector flourish. Retailing does not even have to include a “retailer.” Manufacturers, importers, Mail and phone orders, direct selling to consumers in their homes and offices,Web transactions, and vending machine sales all fall within the scope of retailing. There are under construction at present around 325 departmental stores, 300 new malls, and 1500 supermarkets. This proves that there is a tremendous scope for growth in the Indian retail market. Discuss the scope and prospects of retail sector in the Indian context, describing the drivers of growth of retailing in the country. Define retailing. Retailing in India is witnessing a huge revamping exercise as can be seen in the graph ; India is rated the fifth most attractive emerging retail market a potential goldmine. The best part of online retailing or commonly known as e-tail was the direct access to the targeted clients. Profit Management. Retailing does not have to involve a store. 3. 10) Retailing offers scope for expansion in other countries However, the following aspects are said to generally fall under business economics. Actions. The retail management scope is to ensure that all retail activities are managed in the right way. Pricing Decisions, policies and practices. In addition to this, academic journals concentrating on retailing are being published worldwide.