A Study on Profitability and Problems of Retail Entrepreneurship in Visakhapatnam, Andhra Pradesh
Published: 2012
Author(s) Name: M. V. K Srinivasa Rao
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Abstract
Entrepreneurship has greater significance for a
developing country such as china, India. The major
drawback that hinder a retail enterprise from being
profitable is lack of planning, skilled professionals,
poor talent mix and accessibility. The entrepreneurs
should have up-to-date knowledge to cope with the
changes. This paper has tested the hypothesis of
differences in profitability of retail enterprises and
problems of entrepreneurs among three segments
(Trade, Manufacturing and Services) of retail sector
and inferred that there are significant differences
in problem of raw material, finance, technical and
managerial assistance of entrepreneurs. No significant
differences have been found in the problems of power,
labor, marketing and profitability among three different
segments of retail enterprises.
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