Factors to consider when establishing a retail shop

Retail is a word that means to cut again

retail trade is the buying of goods in bulk and breaking the bulk to suit the needs of consumers

The Functions of a Retailer are to

• break bulk
• provide a variety of goods
• credit to trusted customers
• offer delivery on some goods
• pass information to wholesalers
• give advice to consumers
• package goods before sale
• provide a local supply of goods
• display goods in retail shops
• provide presales and after sales service

Factors to consider when establishing a retail shop

• Capital
• Location of the retail shop
• The business experience of the owner
• Goods for sale
• Method of selling
• Name of the shop
• Right quantities of goods should be stocked
• How to inform the customers about the shop