Asked by: Edin Vikhrevbusiness and finance retail industry
Which type of industry are retail stores?
Last Updated: 2nd April, 2020
- Retail – Industry Sectors: Retail goods are generally sold in a number of different establishments.
- Convenience Stores:
- Specialty Stores:
- Department Stores:
- Supermarkets & Hypermarkets:
- Discount Stores:
- Multichannel Stores:
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In this manner, is retail a sector or industry?
Retail Industry, Retail Sector, Retail Trade. The retail industry is responsible for the distribution of finished products to the public. The retail sector comprises of general retailers (managed by individuals/families), departmental stores, specialty stores and discount stores.
One may also ask, how do you categorize retail stores? Retailers can be categorized on the basis of following six factors:
- Target Market Served.
- Product Offerings.
- Pricing Structure.
- Promotional Emphasis.
- Distribution Method.
- Service Level.
what are examples of retail stores?
Examples of Retailers The most common examples of retailing are the traditional brick-and-mortar stores. These include giants such as Best Buy, Wal-Mart and Target. But retailing includes even the smallest kiosks at your local mall. Examples of online retailers are Amazon, eBay, and Netflix.
What are the 4 types of industries?
There are four types of industry. These are primary, secondary, tertiary and quaternary. Primary industry involves getting raw materials e.g. mining, farming and fishing. Secondary industry involves manufacturing e.g. making cars and steel.