Distinguish between organised retailing and unorganised retailing
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Organized retailing is based on the principle of unity and unorganized retailing is based on the principle of singularity. Both organized and unorganized retailing is found in most countries throughout the world. India and China are strong examples of countries in which unorganized retailing dominated their markets. Today these countries have a growing economy because of the influx of organized retailers into their markets.
The demand for giant malls with large department stores, cinemaplexes, supermarkets, and pharmacy chains is the result of higher incomes and urban customers looking for convenience in shopping. Large chains such as WalMart, McDonald's, Microsoft and other organized retailers have reached across the world sharing their retailing expertise.
The unorganized mom and pop retailers and independent retailers continue to fulfil a need. The organized retailing giants are trading organizational expertise for a share of the markets across the world.
The demand for giant malls with large department stores, cinemaplexes, supermarkets, and pharmacy chains is the result of higher incomes and urban customers looking for convenience in shopping. Large chains such as WalMart, McDonald's, Microsoft and other organized retailers have reached across the world sharing their retailing expertise.
The unorganized mom and pop retailers and independent retailers continue to fulfil a need. The organized retailing giants are trading organizational expertise for a share of the markets across the world.
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Organised retailing and unorganised retailing
Explanation:
- The organized retailing is a sector regulated by the government and working hours in this sector are fixed. This sector is government by the acts as the Bonus act, the factories act, the minimum wage act, and the PF act. The government rules are strictly followed by organizations.
- Job security for the employees excess in an organization and is paid to the extra hours of work done and the increment is given to the employed on a regular basis.
- The unorganized sector is not regulated by the government and the terms of the employee's working hours are not fixed. Thus there is no government act and no govt rules are followed or allowed. The worker doesn't get a bonus or overtime hours.
- Less salary is given to the employees than the government and no benefits or advantages are provided to the employees.
Learn more about the organised retailing and unorganised retailing.
- brainly.in/question/3154510 answerd by Kingrk.
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