Simhadri Kotapati
Prolog: This blog explains about mainly the west retail how the economies gonna be run with out retail recession, why these industries are competitive, customers has to ignite the minds to purchase for jobs and growth.
Retail Blog:
Retail industry is one of the key business in most of the world but in some countries there is a job growth with out retail industry, like aisan countires fertilizer and pesticide companies, automobile growth, but is West retail is the key area of consumer spending, here pesticides doesn't use much, automoble is peak in 80's now it is less brand loyality, most of the people change every year.
In 90's retail is sluggish in spending customers, generlly customers visit the store but they have to be confident to buy a product when they buy the product the cycle starts, it is the biggest task in hard currency.
Inventing pricing:
Pricing is one of the biggest change in retail economy for ever, there is no alternative than pricing, it will ignite the senses to buy the product, some times it is catchie in long asle, some times it makes more visits, weekly changing promotions, remember the customers to visit frequently and create interest to spend.
Another benefit of retail industry is features trading (features and options in commodity market) trading of agriculture products, the farmers are feel like employees, their money is safe with companies, because agriculture is heterogenity depends on weather conditions, so the retail industry gives the confidence to the farmers on their income, these are all gives the Government easy administration of economy, and one of the most job providing sector in the markets.
Executive summary:
After implementing priceline westeran retail never goes to recession, it runs consistently and profitable all the years.
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Simhadri Kotapati
simhadrikotapati93@gmail.com
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