Question

What is retailing? Elaborate the significance and importance of retailing in present Indian scenario.

Answer 1

Pricing is a crucial strategic variable due to its direct relationship with a firm's goal and its interaction with other retailing elements. The importance of pricing decisions is growing because today's customers are looking for good value

Answer 2

Answer:

In principle, retailing is a business activity which involves the sales of goods and services to a large number of consumer spread over a large area.It involves high annual sales and employment. As a major source of employment retailing offers a wide range of career opportunities includingRetailing has a tremendous impact on the economy. It involves high annual sales and employment.