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... Benefits to producers and consumers: • Can facilitate producers’ entrance to traditional markets and/or access to new markets, reaching geographically scattered customers, speedy delivery of products in small quantities • Able to bring the products or services to convenient places in a timely fashio ...
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Chapter 11 PPT

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... licenses bottlers (wholesalers) in various markets who buy CocaCola syrup concentrate and then carbonate, bottle and sell the finished product to retailers in local markets. • service-firm-sponsored retailer franchise system in which a service firm e.g. McDonald’s, Burger King, Holiday Inn licenses ...
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Shopping



A retail or a shop is a business that presents a selection of goods and offers to trade or sell them to customers for money or other goods. Shopping is an activity in which a customer browses the available goods or services presented by one or more retailers with the intent to purchase a suitable selection of them. In some contexts it may be considered a leisure activity as well as an economic one.In modern days customer focus is more transferred towards online shopping; worldwide people order products from different regions and online retailers deliver their products to their homes, offices or wherever they want. The B2C (business to consumer) process has made it easy for consumers to select any product online from a retailer's website and have it delivered to the consumer within no time. The consumer does not need to consume his energy by going out to the stores and saves his time and cost of travelling.The shopping experience can range from delightful to terrible, based on a variety of factors including how the customer is treated, convenience, the type of goods being purchased, and mood.The shopping experience can also be influenced by other shoppers. For example, research from a field experiment found that male and female shoppers who were accidentally touched from behind by other shoppers left a store earlier than people who had not been touched and evaluated brands more negatively, resulting in the Accidental Interpersonal Touch effect.According to a 2000 report, in the U.S. state of New York, women purchase 80% of all consumer goods and influence 80% of health-care decisions.
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