D-Mart is very helpful type of business organisation. Explain its features.
Answers
Explanation:
Over the decades, we have come across different kinds of businesses. Every industrial revolution has given us new economics of doing business like the manufacturing sector, the Internet boom, and many more. With this evolution of business models from time to time, we have come across some broad B2B (Business to Business) and B2C (Business to Customer) business models.
Retail business is one among many others, which have gained popularity in the consumer industry. It is a business where consumer goods and services are sold via large distribution channels to earn profits.
Where some old players are enjoying their large market share and huge returns due to an early movers advantage and their scalability, some new ones like DMart have made an excellent debut in the industry with their unique business models, giving a fierce competition to the existing players.
Answer:
Over the decades, we have come across different kinds of businesses. Every industrial revolution has given us new economics of doing business like the manufacturing sector, the Internet boom, and many more. With this evolution of business models from time to time, we have come across some broad B2B (Business to Business) and B2C (Business to Customer) business models.