RMG 100 Lecture Notes - Katz Group Of Companies, 7-Eleven, Category Killer

• School: Ryerson University
• Department: Retail Management
• Course: RMG 100
• Professor: Frances Gunn

Document Summary

Retailing a set of business activities that adds value to the products and services sold to the customers for their personal or family use. A retailer is a business that sells products or services to consumers for personal or family use. + providing assortments (assortments = choice or variety) + breaking bulk (selling products in a small units) Vertical integration : combination in one company of two or more stages of production. + environmental regulations ( regulations that protect the water, land, air, and animals) + trade restrictions ( restriction on the trade of goos or services between two countries) and. Political (government regulations & legal issues) tariffs ( a tax imposed on a product when it is imported into a country. Economic : critical factors : our economy continues to grind along in second gear. Output is growing slowly, incomes are rising slowly, and most importantly, employment has risen by a quarter of a million in the past year.