Explain How the Wheel of Retailing Works

question 19

Essay

Explain how the wheel of retailing works.

---

Definitions:

Influence

The ability to influence the personality, growth, or actions of an individual or entity.

Political Skill

Political skill is the ability to effectively understand others at work and to use such knowledge to influence others to act in ways that enhance personal and/or organizational objectives.

Political Environments

Refers to the political factors, including laws, government agencies, and pressure groups that influence or limit various organizations and individuals in a society.

Intellectual Assets

Intangible resources of a company, including patents, trademarks, business models, and the expertise of employees, that contribute to its competitive advantage.