Future and Changes expected in Retail Industry The following are some of the possible changes which retailers need to decide on soon. 1. Increased access and variety through
Common Market entry strategies in International Marketing In internationalization, retailers adopt certain entry strategies to foray into foreign markets. Various entry strategies and their comparative merits and demerit
What is International Retailing? Retail internationalization is the transfer of retail operations outside the home market. It involves the international transfer of retail concepts, management skills, technology and
Travel Retail Industry In the era of intense competition, most companies contemplate different forms of distribution. Companies are able to sell direct to consumers from their place of
Alphabetical Classification of Files The first letter of the name is taken into account for classification. It is strictly adhered to the manner in such a way that
Advantages of Audit Programme The benefits of a well designed audit programme can be outlined as follows: 1. Assignment of responsibility is made easier since each job or
Disadvantages of Audit Programme Audit programme has certain disadvantages and limitations, which should be taken care of. 1. The auditor’s task becomes mechanical and as a result initiative
What is a General Reserve? A general reserve is a reserve, which is created by appropriation of profits. It is created without any specific or particular purpose. The
What are Capital Reserve? The term capital reserve does not include any amount regarded as free for distribution through the Profit and Loss Account. A capital reserve is