The concept of cashless economy in India is focused around the objective of transforming the country into a society, which is digitally enabled and empowered by various modes of cashless transaction. The idea of cashless economy is to... more
The concept of cashless economy in India is focused around the objective of transforming the country into a society, which is digitally enabled and empowered by various modes of cashless transaction. The idea of cashless economy is to keep the usage of cash at minimum. India is one of the few countries where the usage of cash is most. It is only after demonetisation most of the people have started using plastic money in the form of debit card/credit card etc. The government has been taking initiatives to promote e-payment, plastic transaction and cashless payment. Cashless transaction brings greater transparency, ease and convenience in monetary transaction. At the same time, non cash transaction reduces flow of black money to some extent and also increases liquidity in the banking system which will eventually lead to development of the Indian economy. With the expansion of telecommunications, increased number of smart phone users and innovations of large number of digital payment platform like Paytm, UPI APPs, mobile wallets, smart card etc usage of non cash transaction have increased. India is in transition to become cashless society. However, Indian retail sector is still ascendant over cash transaction. A large number of small and medium scale retailers still prefer cash transaction. The participation and willingness of retailers to adopt cashless transaction is of prime importance in the movement towards cashless economy as the volume of monetary transaction in the retail sector is very high. The objective of the study is to ascertain the awareness of small and medium sized retailers of Guwahati regarding digital payment and their attitude towards cashless transaction. Further the study aims to find out what according to retailers are the benefits and problems of using digital payment method. The study covers two aspectsone, how retailers are accepting payment from consumers and second, how they are making payment to suppliers.
One of the major obstacles to effective pricing emanates from difficulties experienced in predicting business buyers' price sensitivity. With a view to obviating these obstacles, this study examines the effect offive key physical... more
One of the major obstacles to effective pricing emanates from difficulties experienced in predicting business buyers' price sensitivity. With a view to obviating these obstacles, this study examines the effect offive key physical distribution service quality dimensions on price sensitivity from the perspective of small and medium retail buyers. Based on a survey of 233 cellular phone retailers in China, the authors articulate how the five salient service quality dimensions exert either direct effects on price sensitivity or indirect impacts through perceived value and customer satisfaction. Theoretical and managerial implications are also provided for effective retailer relationship management, profitability improvement, and customer segmentation in
distribution channels.
The concept of cashless economy in India is focused around the objective of transforming the country into a society, which is digitally enabled and empowered by various modes of cashless transaction. The idea of cashless economy is to... more
The concept of cashless economy in India is focused around the objective of transforming the country into a society, which is digitally enabled and empowered by various modes of cashless transaction. The idea of cashless economy is to keep the usage of cash at minimum. India is one of the few countries where the usage of cash is most. It is only after demonetisation most of the people have started using plastic money in the form of debit card/credit card etc. The government has been taking initiatives to promote e-payment, plastic transaction and cashless payment. Cashless transaction brings greater transparency, ease and convenience in monetary transaction. At the same time, non cash transaction reduces flow of black money to some extent and also increases liquidity in the banking system which will eventually lead to development of the Indian economy. With the expansion of telecommunications, increased number of smart phone users and innovations of large number of digital payment platform like Paytm, UPI APPs, mobile wallets, smart card etc usage of non cash transaction have increased. India is in transition to become cashless society. However, Indian retail sector is still ascendant over cash transaction. A large number of small and medium scale retailers still prefer cash transaction. The participation and willingness of retailers to adopt cashless transaction is of prime importance in the movement towards cashless economy as the volume of monetary transaction in the retail sector is very high. The objective of the study is to ascertain the awareness of small and medium sized retailers of Guwahati regarding digital payment and their attitude towards cashless transaction. Further the study aims to find out what according to retailers are the benefits and problems of using digital payment method. The study covers two aspectsone, how retailers are accepting payment from consumers and second, how they are making payment to suppliers
One of the major obstacles to effective pricing emanates from difficulties experienced in predicting business buyers' price sensitivity. With a view to obviating these obstacles, this study examines the effect of five key physical... more
One of the major obstacles to effective pricing emanates from difficulties experienced in predicting business buyers' price sensitivity. With a view to obviating these obstacles, this study examines the effect of five key physical distribution service quality dimensions on price sensitivity from the perspective of small and medium retail buyers. Based on a survey of 233 cellular phone retailers in China, the authors articulate how the five salient service quality dimensions exert either direct effects on price sensitivity or indirect impacts through perceived value and customer satisfaction. Theoretical and managerial implications are also provided for effective retailer relationship management, profitability improvement, and customer segmentation in distribution channels.
The Government of India took historic decision of demonetization and cancelled legal tender of high denomination currency notes Rs. 500 and Rs. 1,000 on 8th November 2016. The main purpose of this action was to cleanse counterfeit notes... more
The Government of India took historic decision of demonetization and cancelled legal tender of high denomination currency notes Rs. 500 and Rs. 1,000 on 8th November 2016. The main purpose of this action was to cleanse counterfeit notes from economy, put check on terror funding and fight menace of black money. It being strong measure, ought to have both good and bad impact on economy. It is also likely to have different long-term and short term effect as well as different effects on different sections of the economy. In short term, it resulted into serious contraction of money supply. In absence of medium of transaction, it was anticipated that there will be contraction in economic activity resulting into loss of income and employment amongst some sections of society. Popular media appeared to be divided about extent of difficulty faced by economic agents. India has large informal economy, banking penetration in this sector was minimal. Therefore, this sector of the economy is likely to get impacted the most. A large portion of Indian population is part of this cash based informal economy and likely to have highest adverse impact during the transition period. At centre of informal economy happens to be small retailers, who are involved in dealing with last mile individuals. Therefore, to understand demonetisation’s short term effect on informal sector and common citizens, this cross-sectional study tried to investigate effect of demonetisation on small retailers.
The settlements of Istanbul started with a colony in 7th century BC, continued with becoming a “World city” in the 4th century BC and still go on by being a global metropolis. During the 20th century; the outwards of the urban space were... more
The settlements of Istanbul started with a colony in 7th century BC, continued with becoming a “World city” in the 4th century BC and still go on by being a global metropolis. During the 20th century; the outwards of the urban space were structured by the addition of new big scaled layers over privatized public lands or gecekondu areas rapidly. In the same time, the inner old settlement areas were structured by the slow articulation of fragmental layers over each other in long time periods. This multi-component/straticulate urban structure of the city, which allows and inspires various researches, is handled by the term “palimpsest” in some contemporary studies. Kocamustafapasa Neighborhood of Fatih County reflects the city’s palimpsest character by enclosing the old urban processes’ spatial and socio-cultural traces and functions as a temporal cross section for the citizens. In this study, Istanbul’s palimpsest character’s reflection over the urban space is scrutinized through a 25 years serving shop in Kocamustafapaşa: Neco Cornet Ice Cream. In the first section, Kocamustafapasa’s history and current state is presented. In the second section; the development of ice cream sector in Turkey is assessed. In the third and fourth sections; the data obtained from the case study is presented and the sectorial position of the case study subject is evaluated. In conclusion, the findings about the structural qualities of the small scaled urban retail shops, Istanbul’s palimpsest character are presented and potential contribution of similar researches to urban studies is emphasized.
