Position of the retail trade in the overall economy
When you go shopping, you will be able to do so through various stores. This is then called retail in its entirety. But what the position of the retail trade in the economy as a whole actually looks like is something that few people think about.
Our economic system is of course based on making a profit from the production and sale of goods and services. Of course, different areas are necessary to achieve this goal. Of course, this chain also includes retail. How the position of the retail trade in the economy as a whole is represented here should be examined in more detail. The following is intended to show you what tasks it has and what place it occupies.
This is what the overall economy looks like in simplified form
- Using the example of food, we want to show you which steps are necessary so that everyone can make a profit. Simply put, there are three steps here.
- First and foremost is the producer of the basic product such as potatoes. This passes the product on to the processing industry, which manufactures the end product.
- The processor then passes the finished end product on to retailers. He then sells the goods to the end consumer.
The position of the retail trade and its tasks
- As you may know, retail is the last link in the economy as it sells the finished product to the end user. Incidentally, wholesalers have the same task when it comes to exports, for example.
- However, the retail sector has other tasks too, which catapults it back up in order. Market observation is one of the key tasks that it carries out. This is the only way to determine what consumers want.
- He is also responsible for ensuring that a customer-oriented range is offered. He also ensures that goods are transported and stored.
The optimal warehouse management up to the timely invoicing and recording of ...
So you can see that the position of the retail trade is very important in the overall economy and therefore indispensable.
