Question
Give four benefits of a retailer establishing own business.
Answer
- Can exercise some degree of control over its operation
- It enables special handling, storage and protection of goods by having special facilities which may not be available in a public warehouse.
- The retailer may design it to suit his /her own specification and various needs.
- The owner exercises full control of the warehouse and may make major decisions without having to consult anyone.
- The owner does not incur the cost of hiring space unlike in a public warehouse.
- The owner is not tied down by procedures of receiving and issuing goods like the case of public warehouse
- The retailer can stock seasonal goods and be able to satisfy customers demand.
- The owner can meet market demand since it is not possible for them to stock the right quantities required by their customers.
- It enables special handling, storage and protection of goods by having special facilities which may not be available in a public warehouse.
- The retailer may design it to suit his /her own specification and various needs.
- The owner exercises full control of the warehouse and may make major decisions without having to consult anyone.
- The owner does not incur the cost of hiring space unlike in a public warehouse.
- The owner is not tied down by procedures of receiving and issuing goods like the case of public warehouse
- The retailer can stock seasonal goods and be able to satisfy customers demand.
- The owner can meet market demand since it is not possible for them to stock the right quantities required by their customers.
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