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Reasons why you should consider starting a supermarket business
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[QUOTE="Caramelle, post: 296815, member: 150"] [JUSTIFY]Besides the product markup, supermarkets have other sources of revenue. They can make money by charging suppliers for display shelves, premium store display space, and promotional activities. Many supermarkets charge new suppliers a listing fee for each product. They may also earn money by offering advertising spaces within the store premises. Supermarkets thrived during the pandemic because they sell essential products. Despite the relative ease of procuring a wide range of stocks at almost no cash-out, starting a supermarket will usually require large capital. Location is a very important factor for this type of business, and most supermarkets have to pay for a costly lease on a long-term basis. They usually have to hire several employees to be able to provide a variety of services. They have to spend on amenities to create a comfortable and enjoyable shopping experience for their customers. They have to offer competitive prices or risk losing customers to bigger supermarkets. While they may be able to purchase on credit, supermarkets bear the cost of expired and unsold inventories. [/JUSTIFY] [/QUOTE]
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Reasons why you should consider starting a supermarket business
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