Week 7 DQ2 (select 1 of remaining 3 DQs) If you select this question, provide a

Question

Week 7 DQ2 (select 1 of remaining 3 DQs)

If you select this question, provide a thoughtful 250+ word response to all of the questions below (250 words total, not for each section). Also, remember to comment on some of these in order to meet the participation requirement for the week. Finally, please separate your answers by the parts of the question. It makes it easier to see your specific response to each part.

DQ2 - Retailing

Looking at exhibit 16.3 Types of Retailers, considering the Food and General Merchandise types of retailers (not Service):

1. What type of retailer do you think is experiencing the biggest growth? Why?

2. What type of retailer do you think is decreasing in popularity? Why?

Now thinking of Service Retailers:

3. Why are these types of retailers growing significantly?

4. What specific service retailer do you think does a really good job, meaning it runs very efficiently and takes good care of its customers?

Explanation / Answer

1) Considering the food and general merchandise retailers, the biggest growth is seen in general merchandise. The reason for this is that the onset of e-commerce and other channels such as home delivery system. In addition to this, the general merchandises also have a longer shelf life and hence comparatively easier to manage. With increase in consumption, the growth is also increasing as general merchandise retail.

2) The food retail business experiences an (almost) inelastic behavior to supply-demand situation. As a result, they may seem to be decreasing in popularity. However, keep in mind that it’s may not be necessarily true. It can only be due to the fact that food retail is not growing as fast as general merchandise.

3) In addition to goods, service retails is also seeing significant growth. This is due to the change in landscape and economy. The purchasing power and lifestyle habit of people are changing. Competition in market is increasing and brining the cost of various services lower. As a result the consumption of services are also increasing. Due to these factors, the service retail is booming.

4) I feel the transportation service business has been revolutionized in the recent times. Startups such as Uber, Flyte, Didi has made impact globally and has caused the local transportation to be extremely streamlined and systematic. They are doing a very good job and taking good care of the customers.

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