Understanding Retailing Assignment Solution (GC0691)

Table of Contents

Introduction.

P1 Describe the structure and organization of the retail sector

P2 Explain the process of distributing goods through different channels from the manufacturer to the customer

P3 Explain how focusing on the customer, by providing good customer service, is essential to retailing

P4 Identify the competitive factors in the retail environment a selected organization faces.

Conclusion.

Reference.

Introduction

Retailing is the fundamental unit of a business that fills the ultimate goal of the business firms. The retailing of the process of a business is the process of selling products to the end-user of those products. This system of selling products includes all types of consumer products like foods, groceries, green vegetables, fishes, meats, etc. Retailing of foods plays a very important role in the business sector. It is a very popular program for any kind of business object all over the world. It is very important for the UK economy especially for the retailing marketplace of the United Kingdom. In the UK, Sainsbury’s (A retail departmental shop) authority can be the best example of a retailing business as their purpose is to reach every single person with a view to providing all household chores and daily necessaries.

In this paper, the report shows that the methodologies of the retailing marketplace, its procedures, and its significant value in the UK economy. Firstly, it describes the structure, organization, formats, and locations in retailing. The second part of the report analyses the distributions in retailing market places. The third section discusses the customer services and sales of retailers. And at the last and fourth part summarizes the competitive factors facing the retailing business.

P1 Describe the structure and organization of the retail sector

Definition of retailing

Retailing is a common word related to business and profit-related jobs. Retailing is selling products to the end-users or consumers individually or in a body of a product. This system is used widely in every business sector. The shoppers with the products to be sold to the end-users, because this makes more profit than wholesales. Retailing can be brought about a large range including any kind of product selling like a hand-to-hand sale, online shopping, website advertising, or maybe by only a single Smartphone (Britannica, 2017).

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Classification of types of store

There are many types of retail stores available in UK business sectors. NHS is one of the retailing business firms that execute their business as specialist outlets (NHS, 2018).

Department Stores

A department store is a set-up that offers a wide range of products to the end-users under one roof. In a department store, the consumers can get almost all the products they aspire to shop at one place only. Department stores provide a wide range of options to the consumers and thus fulfill all their shopping needs.

Supermarket

A supermarket is an advanced form of the small grocery stores and caters to the household needs of the consumer. The various food products (meat, vegetables, dairy products, juices, etc) are all properly displayed at their respective departments to catch the attention of the customers and for them to pick any merchandise depending on their choice and need.

Discount Stores

Discount stores such as NHS also offer a huge range of products to the end-users but at a discounted rate. The discount stores usually offer a limited range and the quality in certain cases might be a little inferior as compared to the department stores. They sometimes provide a small gift to the customer with respective products…………..

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