They equate brand with quality, prestige, and status. At present, the penetration of Fast Moving Consumer Goods (FMCGs) in rural markets has delineated the new marketing strategies to promote their branded items available in all rural outlets. So, they have started to adopt channel enhancement strategies in south Indian rural markets, where availability determines the volumes and market share.
The word `retailing' has its origins in the French verb `retailer', which means to cut up, and refers to one of the fundamental retailing activities, which is to buy in larger quantities and sell them in smaller quantities. Retailing is the activity of selling goods and services to a final consumer for his/her own use. It is concerned with getting goods in their finished state into the hands of customers who are prepared to pay for the pleasure of eating, wearing, or experiencing particular product-items.
Retailing is all about distribution of goods and services. The word "retailing" has its origins in the French verb "retailer" which means to cut up, and refers to one of the fundamental retailing activities, which is to buy in larger quantities and sell them in smaller quantities. Retailers
form the link between the manufacturers, wholesalers, agents,
and the customers. They are the persons who keep in touch
with the customers and get an opportunity to understand their
needs and preferences. |