The document discusses the significance of retailing, highlighting its role in creating utilities, adding value, and contributing to economic development and employment. It also addresses factors influencing retail trade, such as changes in consumer behavior, income levels, and technology. Additionally, it explores e-tailing and emerging trends in retailing, emphasizing the importance of adapting to consumer preferences and the challenges faced by traditional retail models.
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RM IMP ANS
The document discusses the significance of retailing, highlighting its role in creating utilities, adding value, and contributing to economic development and employment. It also addresses factors influencing retail trade, such as changes in consumer behavior, income levels, and technology. Additionally, it explores e-tailing and emerging trends in retailing, emphasizing the importance of adapting to consumer preferences and the challenges faced by traditional retail models.