Explain Briefly Retail Life Cycle?

1.	Explain Briefly Retail Life Cycle?
Answer» The retail life cycle is the process of growth and decline that retail outlets, like PRODUCTS, experience, which consists of the early growth, accelerated development, maturity and decline stages. Innovation:- A NEW organization is born, it IMPROVES the convenience or CREATES other advantages to the final customers that differ sharply from those offered by other retailers. This is the STAGE of innovation, where the organization has a few competitors.

Answer»

The retail life cycle is the process of growth and decline that retail outlets, like PRODUCTS, experience, which consists of the early growth, accelerated development, maturity and decline stages.
Innovation:- A NEW organization is born, it IMPROVES the convenience or CREATES other advantages to the final customers that differ sharply from those offered by other retailers. This is the STAGE of innovation, where the organization has a few competitors.

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