Raj has completed B.Com from a goods university and is pursuing MBA. Simultaneously, he wants to start his own business with his limited1 savings. He decided to go for retailing coffee, tea, softdrink, chocolates, etc, in the offices and other working places in his own city. He does not want to employ any sales person to convence from sales made He made himself will not be able to go to all the locations where these goods will be sold;
(i) Suggest Raj which type of retail business he should start keeping in view all the constraints.
(ii) State the steps to be used for started such business.
(i) Raj can give a concrete shape to his idea by
selling the proposed goods through Automatic Vending Machine.
(ii) Following steps have to be taken by Raj:
(a) Firstly he has to install automatic vending machine at different proposed location of his city.
(b) Price of each product is to be fixed and displayed on the machine.
© Now the machine is ready to supply the required goods to the customers who puts money in machine.