1243013100_Chap001(2) - 1-1What have created these...

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Unformatted text preview: 1-1What have created these differences in distribution systems?Social & Political ObjectivesChina, India: To reduce unemployment by protecting small businessesEU: To protect small retailers To preserve green spaces/town centersGeographyMuch lower population density in the US than in India, China, and EU (where less low-cost real estate are available for building large stores)Market sizeLarge retail markets in US, India, ChinaCountries in EU distribution channels and retail chains operate in a single country (no economy of scales to be achieved; trade barriers still exist)1-2Opportunities in Retailing:Management opportunitiesPeople with a wide range of skills and interests needed because retailers functions includeFinancePurchaseAccountingManagement information system (MIS)Supply management including warehouse and distribution managementDesign and new product developmentFinancially rewarding5-year salary of buyers: $50,000 - $60,0005-year salary of store managers: $120,000 - $160,0001-3Nature of Retail Industry is ChangingMom and Pop StoreTo Todays Retailer1-4Retailers are a Business Like ManufacturersThe McGraw-Hill Companies, Inc./Andrew Resek, photographerMISReal EstateOperationsFinancePromotion/AdvertisingHuman ResourcesLoss PreventionStore Design1-5Retailing is a High Tech IndustrySelling Merchandise through the InternetUsing Internet to manage supply chainsAnalyze POS data to tailor assortments to storesComputer systems for merchandise planning and tracking1-6...
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This note was uploaded on 01/09/2010 for the course MKT 4324 taught by Professor Trappey during the Spring '09 term at National Taiwan University.

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1243013100_Chap001(2) - 1-1What have created these...

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