What are the different type of retailers?

Answer 1

Retail industry includes all set of activities to sell the goods or services to the final consumers for personal, non business use. There are three types of retailers:1) Store retailers: operates on a fixed point of sale and depending upon the certain criteria they are divided into Department store, Discount Stores, Specialty Store, Category Killer, Convenience Store, Off-Price Retailer, Warehouse Clubs. 2) Non-store retailers: use various methods such as broadcasting of "infomercials" direct response advertising etc. They are categorized as Direct Selling, Direct Marketing, Automatic Vending and Buying Service. 3)Corporate Organization: achieve economies of scale, greater purchasing power wider brand recognition and better trained employees because of the central buying of the merchandising. They are classified as Corporate Chain Store, Voluntary Chain, Retailer Co-operative, Consumer Co-operative, Franchise's Organization and Merchandising Conglomerate.

Answer 2

the retailers are those who have an acononical issue that if the price of unity in elsticity which is more higher then tha quantity demanded here nopr we apply the facultyu formula like if we have in prince that 500 choclates we are buying in rs 800 so when the prices will increase and if the quantity demanded is more than the mostly equality threat