Factors to take into consideration if you want to set up a grocery shop

Question

Accepted Answer

Factors to consider when setting up a grocery shop

Location: Choose a convenient and accessible location with high foot traffic
Target market: Identify the demographics and preferences of the local community
Competition: Analyze existing grocery stores in the area and differentiate your offerings
Suppliers: Establish relationships with reliable and cost-effective suppliers
Inventory management: Develop a system to track and manage inventory efficiently
Pricing strategy: Determine competitive pricing while ensuring profitability
Store layout: Optimize the store layout for easy navigation and product visibility
Staffing: Hire knowledgeable and friendly staff to provide excellent customer service
Marketing: Develop a marketing plan to attract and retain customers
Regulations: Understand and comply with local regulations and permits

Top Flipkart Finance & Strategy Intern interview questions & answers