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The Australian Retailing Market - Case Study Example

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The paper "The Australian Retailing Market" states that the concept of centralization is mainly focused on localizing the source of management power and decision-making hierarchy into a single source mainly the main executives or committee of the multinational firm. …
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The Australian Retailing Market
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Download file to see previous pages Being able to make amends with the way the management deals with the organization’s workforce is one way by which the business entity is ensured with the success that it aims to achieve in the future. (Greenwood, 2005, 12) This is the primary reason why management could not passively deal with the issues that concern the employees, especially when dealing with the retail practices of business (Leat, 2001, 21). Particularly in Australia, retail businesses are soaring high and are indeed making a great mark in the country’s industrial statistical reports. To support the claims mentioned above, a study on the Australian retailing industry shall be studied in this paper.
The system of retailing business is based upon the process of buying and reselling used or new items to final consumers in the market. This procedure is mainly done by major industries that are not able to manufacture their own products. The idea revolves around the possibilities of creating profit from the manufactured products of several manufacturing organizations through adding a certain amount called interest from the principal or original amount that the products were sold to the retailers. As the products pass through from retailers to retailers, it could be observed that the amount or the price of the product continuously rise as the money aims to suffice the capital or investment placed by the retailers themselves. (ARS, 2006, Internet)
From this point, it could be observed that the business of retail is primarily based on buy and sell procedures. This has been mostly one of the most appreciated systems of passing products to consumers in Australia. Consumers there find it more practical to receive services from the retailers than getting the products from the manufacturers themselves. Since the retailers are situated in a more convenient location than the manufacturers, consumers tend to choose retailers over these specific producers of goods.
Annual reports give certainties that today, the retailing industry remains one of the top-grossing industry in Australia. From the year 1993 towards the year 2000, retailing employed at least 920,000 people, which is almost 45% of the total number of the workforce employed within the said country.  ...Download file to see next pagesRead More
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