Edexcel Business Topic 2.2.4 Flashcards
1
Q
What is Retailing?
A
Traditional way in which the product is distributed to the customers
1
Q
Retailing is selling products through ….?
A
Shops/Physical Buildings
2
Q
2 ways of Retailing
A
- Traditional Way
- Modern Way
3
Q
Process of tradtional way of retailing
A
- Producer
- Wholesaler
- Small Shops
- Consumers
4
Q
Process of Modern way of retailling
A
- Producer
- Superstore
- Consumers
5
Q
What is E-Tailing
A
When a product is sold using a website!
6
Q
Benefits of E-Tailing
Give 2
A
- Can access wider range of customers
- Business don’t need to rent a store
7
Q
Limitations of E-Tailing
Give 2
A
- Customers worry about quality
- Distribution Costs
