Retailing Concept

By Sai Verano

Retailing concept is a management orientation that focuses a retailer on determining its target market's needs and satisfying those needs more effectively and efficiently than its competitors. You can relate retailing concept with marketing strategies which will be tackled later on with my future posts.

What is retailing?

By Sai Verano

Going back to my college days, we have a subject about retail management. At first I thought if this particular matter would concern me as a business-minded person as well as a marketing student? As a whole, by the end of the semester, I realized that understanding retailing would help an individual in running a successful retailing business.

Definition. From my own point-of-view, whenever I hear the word retailing I think of smaller quantities being sold in convenience stores like 7-eleven and Ministop. But in principle, retailing is a set of business

What is business?

By Sai Verano

I've been very much close to this term ever since I was born (simply because our family has a business of our own). I've seen how my dad manage people and my mom handles the payroll. It seems like having a business is a pretty tough career. But before we go into the juices of a successful business, let us first define what the term "business" really is.

As for me, when I hear the term "business", I think of money (revenue) and costs. Some may think of firm or enterprise. Some may think of corporations and partnerships. According to Wikipedia.org, a business is "a legally recognized organization designed to provide goods and/or services to consumers". From here we can see some keywords for us to remember this definition, which are:

• legally recognized
• organization
• goods and/or services
• consumers