Saturday, September 8, 2018

ECONOMICS OF SCOPE IN CR ASSOCIATES

CR ASSOCIATES is retail shop in upper bazaar, Lohardaga . This shop is very close to my heart . Actually it's name CR ASSOCIATES is named after my great grand father Chhangalal Ramchandra. CR ASSOCIATES deals with the all types of clothing items. It is 33 years old shop in Lohardaga famous for its retail business. It retail in cloths like sares, ready-made suits, kurties, jeans for both girls as well as boys, shirts, t-shirts, unstichs pieces of clothes etc. Here, ECONOMICS OF SCOPE applies because by dealing in different types of items in clothing. It helps them to deal with large number of customers or satisfying their need to greater extent in minimum expenditure possible which helps CR ASSOCIATES to earn maximum profit. By dealing in varieties it get clothes in much reduced price which actually cost more when purchased individually. It also saves money in transportation charges which helps them to capture large market. By investing less amount they earn maximum profit and multiple output. It leverages the ECONOMICS OF SCOPE.

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