The FMCG retail environment is continually evolving. At the broadest level, it may be split into the upper or modern trade, and the lower trade, which comprises a collection of traditional, independent stores such as mom and pop stores, provision stores and sundry kiosks.
What is the difference between ancient and modern
This period extends for a total of 5000 years, beginning from 6,000 BCE to 650 CE.
This period lasted from the 5th century to the 15th century. Modern age history begins from the 15th century and extends till the late 18th century.
Beginning of the Iron Age, Indus Valley Civilization, Gupta Empire, and Roman Empire.
What are the names of traditional trade in PNG
Hiri is the name for the traditional trade voyages that formed an important part of the culture of the Motu people of Papua New Guinea.
How does WTO reduce trade barriers
The WTO’s global system lowers trade barriers through negotiation and operates under the principle of non-discrimination.
The result is reduced costs of production (because imports used in production are cheaper), reduced prices of finished goods and services, more choice and ultimately a lower cost of living.
What is modern firm based theory
A modern, firm-based international trade theory that states that a nation’s or firm’s competitiveness in an industry depends on the capacity of the industry and firm to innovate and upgrade.
Which of the following advantages do modern retail outlets
Which of the following advantages do modern retail outlets provide for new categories of products as compared to general trade stores ?
Modern retail oulets are open to experimentations of new products from new brands. The traditional stores genrerally play it safe with known products and estasblished brands.
What is e-commerce give an example
The standard definition of E-commerce is a commercial transaction which is happened over the internet.
Online stores like Amazon, Flipkart, Shopify, Myntra, Ebay, Quikr, Olx are examples of E-commerce websites.
What are the features of e-commerce?
- Easy navigation
- Real-time information
- Simplified pricing
- Online order processing
- 24/7 client focus
- Personalized marketing
What are the functions of e-commerce?
- Marketing Activities
- Financial Management
- Supply Chain
- Store and Product Listing Creation
- Cost Reduction
- Affordable Advertising and Marketing
- Flexibility to The Customers
Why is e-commerce important
Ecommerce offers business a whole range of opportunities, from marketing opportunities to increasing your products ranges to generating more sales and with an optimised and well developed website you can not only achieve these goals but also offer your customers a round the clock, convenient service, that can boost
What is e-commerce business model
An e-commerce business model is how your e-commerce business is structured conceptually in order to reach customers and drive sales.
There are several types of e-commerce business models that enable different kinds of companies to position themselves in the market and reach their customers in an effective way.
What do you mean by non store retailing what is its different type
Non-store retailing is the selling of goods and services outside the confines of a retail facility.
It is a generic term describing retailing taking place outside of shops and stores (that is, off the premises of fixed retail locations and of markets stands).
What is a hypermarket store
What Is a Hypermarket? A hypermarket is a retail store that combines a department store and a grocery supermarket.
Often a very large establishment, hypermarkets offer a wide variety of products such as appliances, clothing, and groceries.
Which theory of distribution is more valid in modern times
The modern theory of factor pricing provides a satisfactory explanation of the problem of distribution.
It is known as the demand and supply theory of distribution.
What is GT and MT in sales
Background. Indian FMCG companies use two primary sales channels to market, distribute and sell their products i.e. General Trade (abbreviated as GT) and Modern Trade (abbreviated as MT).
General trade is the first model that came into being before the Indian market opened itself to organised retailing.
What are the 5 key points to selling retail
There are five keys to success in retail: location; marketing; store layout and appearance; service and assortment, and bundle selling.
Let’s take a look at how each of these can help you establish a successful retail operation.
What are 4 general ways to increase sales?
- Increase the number of customers
- Increase the average transaction size
- Increase the frequency of transactions per customer
- Raise your prices
What does MT mean in sales
Normally, a company’s sales has three wings – 1. General Trade (GT), 2. Modern Trade (MT), and 3.
Alternate or B2B.
What is an e commerce account
E-commerce is powered by the internet. Customers access an online store to browse through and place orders for products or services via their own devices.
What are the 6 functions of the WTO?
- administering trade agreements
- acting as a forum for trade negotiations
- settling trade disputes
- reviewing national trade policies
- building the trade capacity of developing economies
- cooperating with other international organizations
Who is the biggest retailer in India
1. Reliance retail limited. India’s largest retailer by reach, scale, revenue, profitability, and India’s biggest retail company.
Established presence across key consumption baskets and holds a leadership position in food, consumer electronics and fashion retailing.
What is the difference between e-commerce and e-business
E-Commerce refers to the performing online commercial activities, transactions over internet. E-Business refers to performing all type of business activities through internet.
What are primary sales
Primary Sales – Primary sales is the sales from a manufacturing company or national supplier to a city/state/region distributor.
For example when a brand is invoicing the product to a distributor in one city, who will further sell it to retailers, is called as ‘Primary Sales’ transaction.
Is CNC for long term
Cash and Carry (CNC) is used for delivery based trading in equity. In delivery based trade, you intend to hold the stocks overnight for however long you wish.
Using CNC product type, you will not get any leverage, nor will your position be auto squared off.
You will not be able to take any short positions using CNC.
Can short selling be done in CNC
No, you cannot short sell using the CNC product code in Zerodha unless you hold the shares in your Demat account.
CNC refers to Cash and Carry used for Equity delivery-based trading.
What are the four theories in theory of firm
Gibbons distinguishes among four theories of the firm: rent seeking, property rights, incentive systems, and adaptation.
Can I sell CNC shares on same day
Remember, CNC is just the product type. It does not restrict you from selling the stock on the same day.
If a stock is in the open position in CNC type, you can still sell it, but the trade will be considered intraday, and the brokerage will be charged accordingly.
What are the three theories of firm
The theories are: 1. Profit-Maximizing Theories 2. Other Optimizing Theories 3. Non-Optimizing Theories.
How long we can hold CNC shares
you can hold it as long as you want. it is just like any asset you purchase.
How can I start FMCG business?
- Decide your Product
- Business Plan
- Licensing & Registration
- Location
References
https://discoverydesign.co.uk/blog/post/5-reasons-why-ecommerce-is-so-important-for-your-business/
https://medium.com/retail-execution-by-popprobe/retail-trade-channels-sub-channels-2b24f67946b6
https://www.wto.org/english/thewto_e/whatis_e/10thi_e/10thi01_e.htm
