What is Tied Shop ?

                                                                  

It refers to a type of retail shop, which is tied to stock and sell goods of a particular manufacturer solely. It enhances its sales in preference to other goods. This type of business is usually found when a shop takes the sole selling agency of a particular commodity especially jewelry and fancied articles.


Category and Tags
More stories by
How are you taking responsibility for your customers, Expedia?

I have been using Expedia I think for more than 5 years. I usually book flights from there. This is the first time...

Why Setting Up a Factory in India Could Be a Big Mistake for Apple

Apple’s recent push to diversify its manufacturing base by investing billions into India has drawn global attention. With ongoing geopolitical tensions with China and the need for supply chain resilience, shifting operations to India appears on pap

Elon Musk suggests naming a city on Mars Terminus

Photo:BusinessHabitElon Musk, the owner of SpaceX, Tesla, and the small blog writing site X (formerly Twitter), wants to establish a human settlement on Mars in the next few years. H...

China is building supercomputers in space with AI satellites

China is building its first supercomputer network in space using AI-powered satellites. The country has already launched 12 AI-powered satellites to build a network of supercomputers in space. The supercomputers will be operated by the country's stat

Baidu is introducing new technology, AI will extract money from pet sounds

The beloved dog is suddenly barking. Many people try to understand why it is barking. However, the long-standing curiosity of understanding the mind of animals through sounds can now become a reality with the help of...

Follow Business Habit on Facebook, Twitter