Retailing in a Globalized World

Global retailing = Enabled by advances in transport and communication technologies, WTO, FTAs and RTAs Use of technology = Improved analysis, planning, and overall management in retail Customer service = Renewed emphasis as a differentiating factor in retail Nonstore retailing = Rapid expansion trend in the retail industry

Retailing = All forms of selling to the final consumer Wholesalers = Offer products, generally for business purposes Global retailing = Enabled and facilitated by advances in transport and ICT, WTO, FTAs and RTAs Nonstore retailing = A trend involving the rapid expansion of retail not tied to traditional physical stores

Retailing = The last marketing step in the channel of distribution Wholesalers = Offer products mainly for business purposes Customer service = A renewed emphasis as a differentiating factor in retail Global retailing = Facilitated by advances in transport and communication technologies, WTO, FTAs, and RTAs

<p>Retailing = Where the customer meets the product Global retailing = Enabled by the impact of the World Trade Organization and various Free Trade and Regional Trade Agreements Wholesalers = Offer products generally for business purposes Nonstore retailing = A trend involving the rapid expansion of retail not tied to traditional physical stores</p> Signup and view all the answers

<p>Use of technology = Has improved analysis, planning, and overall management in retail Global retailing = Enabled by rapid advances in transport and information and communication technologies Customer service = Renewed emphasis as a differentiating factor in retail Nonstore retailing = Rapid expansion trend in the retail industry</p> Signup and view all the answers