Rx small retailer survival: Community demand analysis |
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Authors: | Louis H Vorzimer PhD |
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Institution: | (1) C. W. Post Center, Long Island University, Long Island, USA |
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Abstract: | The sole proprietorship form of retailing organization comprises 60% of all retailers. Their average annual sales amounts
to $31,600 while their average annual profit (including provision for salary) is $2,700. This group constitutes the poverty
segment of the business community. Most in government and business consider the plight of the small retailer to be unsolvable.
This article suggests a plan which could represent a major advance to improve the small retailers economic position. Means
are presently available to determine community requirements for goods and services. The author contends that community demand
analysis is a major key to the problem. The article outlines what is needed and how the plan could be implemented. |
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