THE RETAIL GROCERY MARKET Essay Example | Topics and Well Written Essays - 1500 words

THE RETAIL GROCERY MARKET - Essay congresswomandominate the UK grocery market, accounting for around three quarters of total sales, which IGD values at 88.2billionin 2005. However, this share of total grocery has fallen slightly in recent years as other sectors have grown more quickly.The Convenience sector continues to be a strong drive force behind the overall growth within the UK grocery market. For every pound spent on food and grocery, consumers now spend 20p in convenience stores and IGD currently values the sector at 23.9billion, up 4.9% on 2004, which now accounts for a 19.9% share of total grocery.So lets render to identify the mission objectives and responsibilities of an organisation within its environment. To make our ideas more clear well take a certain(p) retailer, using for instance Tesco Company.Everybody screwing agree that the main aim of any telephone circuit is profit earning. flat the relevant definition of business approves that any enterprise or company i s created to earn money. Of course, shareholders of any business are its owners and want to get maximum profits. If a company stops producing profits it can be adjudicated a bankrupt.Everybody knows that retail is one of the most competitive economics sector. Shops, marketplaces, boutiques, super- and hypermarkets offer us great pick of different goods and foodstuffs. Thats why if any company has been taking the top positions for almost 10 years, - it is considered as a great success. Britain hypermarket net Tesco is one of such leaders. This company sails one third of all foodstuffs in the country. Tesco can firmly be named as a national shop. Rich, average and poor customers can find the foodstuffs according their wishes and financial abilities. Comfortable location, competitive prices, polite staff, great variety of goods and products, mainly, circumspect growth strategy helped Tesco to become a really national shop.Lets analyze the most great responsibilities, among which the main is