Question

name and give examples of two types of retail competition (50 to 100 words​

Answer 1

Explanation:

Whether it's drugstore versus drugstore or drugstore versus superstore, there's a retail competition classification to represent it. Retailers are classified as a particular ''type'' by the North American Industrial Classification System (NAICS). These classifications are determined for the purpose of looking at retail data in the United States economy. For example, if researchers want to look at how single grocery stores in the country are performing, they can go to that classification and gather relevant information. Here are the main categories of retail competition.

Intratype

In the opening scenario, we saw an example of the intratype category of retail competition. This is when two or more of the same type of store compete against each other to earn the business of consumers. It might be two drugstores competing against each other or a cluster of grocery stores in the same community fighting for the same pool of customers.

Intratype competition is the most common form we find among U.S. businesses. You don't often see a CVS trying to take on a superstore like Walmart. Instead, they focus their energies on trying to be the best of the drugstore chains. Some other examples of intratype competition include Kroger versus Publix, Family Dollar versus Dollar General, Petco versus PetSmart, or Macy's versus Belk.

Intertype

Competition that falls under the intertype category pits two or more different types of stores against each other for the same customers. Again, this relies on the way the stores are classified by NAICS, such as a drugstore competing against a superstore. These retailers, even though they are different, sell similar products. For example, when you go into a grocery store these days, you might have options to buy fresh flowers, decorated cakes, or a greeting card. In this way, grocery stores are competing with florists, bakers, and dedicated greeting card stores like Hallmark.

Some other examples of intertype competition include Target's new partnership with Barkbox, toys and treats for pups, competing against the Petcos of the world, or Kroger featuring the OPI line of nail polish hoping to pull customers from stores like Sephora and Ulta. Walmart, because it carries so many different kinds of things, might find itself in competition with AutoZone for car parts, JoAnn Fabric and Craft Stores for its fabric and craft supplies, or Walgreens for prescriptions and wellness products.

Answer 2

The two forms of retail competition are drugstores Walgreens and CVS, which are very competitive in the international markets. There are the dollar general shops in competition with the  family dollar stores or the Belk stores in competition with Macys.

Explanation:

• There are many form of retailers in competition with each other which include supermarket, specialty store, large showrooms, convenience store  drug store, super store, discount store, and so many more.
• The different retailing stores adopt various forms of competitive pricing strategy. The traditional brick-and-mortar stores are the general form of retail stores.
• Retailing also can include small time shops in the malls. There are also online retailer like eBay Netflix, Amazon an so many more who are in competition with each other.

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Difference between retailers and retailing

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