Conflict Theory: Conflict
always exists between operators of similar formats or within braid retail categories
. It is believed that retail innovation does not necessarily reduce the number of formats available to the consumer, but leads to the development of more formats.
What are the theories of retailing?
- The wheel of retailing:
- Retail accordion:
- Retail lifecycle:
- Disruptive innovations in retailing:
What are some examples of conflict theory?
- Occupy Wall Street. …
- The Education System. …
- The Criminal Justice System. …
- #MeToo Movement. …
- Race and Black Lives Matter. …
- Proposition 8.
What is retail accordion theory?
A
theory of retail institutional change that suggests that retail institutions go from outlets with wide assortments to specialized narrow line store merchants and then back again to the more general wide assortment institution
.
What is cyclical theory of retail?
Cyclical Theory – Wheel of Retailing • The theory suggests that
retail innovators often first appear as low-price operators with low-cost structure and low-profit margin requirements
, offering some real advantages, such as specific merchandise which enables them to take customers away from more established competitors.
What are the main ideas of Karl Marx’s theory?
Marx’s most popular theory was ‘historical materialism’, arguing that history is the result of material conditions, rather than ideas. He believed that
religion, morality, social structures and other things are all rooted in economics
. In his later life he was more tolerant of religion.
What is the conflict perspective?
Conflict Perspective: A
perspective in the social sciences that emphasizes the social, political or material inequality of a social group
; critiques the broad socio-political system; or otherwise detracts from structural functionalism and ideological conservativism.
What is the basic concept of retailing?
Retailing can be defined as
the buying and selling of goods and services
. It can also be defined as the timely delivery of goods and services demanded by consumers at prices that are competitive and affordable.
What are the retail strategies?
A retail strategy is
the process you use to develop your products or services and sell them to customers
. There are multiple elements to this plan, including location, store, merchandise/assortment, visual merchandising, staff, service, mass media and communications, and price.
Who is called retailer?
A retailer is
a person or business that you purchase goods from
. … They purchase goods from a manufacturer or a wholesaler and sell these goods to consumers in small quantities. Retailing is the distribution process of a retailer obtaining goods or services and selling them to customers for use.
What is polarization theory in retail?
The ability to properly segment, identify, and understand individual customers and their desires for convenience and differentiated experiences
leads to a polarization of the market. …
Which is the part of retail life cycle?
A theory of retail competition that states that retailing institutions, like the products they distribute, pass through an identifiable cycle. This cycle can be partitioned into four distinct stages:
(1) innovation, (2) accelerated development, (3) maturity, and (4) decline
.
What is wheel retailing theory?
The wheel of retailing is a
theory that explains the phases that some retail stores undergo during their lifecycle
. Specifically, it describes the transition of a relatively small discount store to a high-end establishment.
What do you mean by retail pricing?
Retail prices are
the prices that the customers buying goods at retail outlets pay
. Consumers respond to a lower retail price by switching their purchases of the manufacturer’s product to the lower-priced retailer. … Retail prices are the prices that the customers buying goods at retail outlets pay.
What are retail models?
A retail business model
articulates how a retailer creates value for its customers and appropriates value from the markets
. … We propose six major ways in which retailers could innovate their business models to enhance value creation and appropriation beyond the levels afforded by traditional approaches to retailing.
What are the types of retailers?
- Department Stores. This type of retail outlet is one of the most complex types of establishments that offer a wide range of products. …
- Specialty Stores. …
- Supermarkets. …
- Convenience Stores. …
- Discount Stores. …
- Hypermarkets or Super Stores. …
- Warehouse Stores. …
- E-Commerce Stores.
