One person company (OPC) - the new business format for small retailers in India
One person company (OPC) - the new business format for small retailers in India

Summary/Abstract: The retail sector in India is undergoing transformation due to the changinglifestyle of people. The sector is generally characterised by small retailers whoconduct business in a traditional manner. But recently there has been a shifttowards modern retailing, since education and exposure to contemporary trendshave made the Indian consumer look for more professionalism in shopping. Thishas prompted many corporations (both Indian and foreign) to enter into thissector with the modern retail formats, such as supermarkets, department stores,shopping malls etc. This trend towards organized retailing can be a threat forsmall retailers. This article discusses One Person Company concept as a strategyto develop small retail businesses in terms of their corporate status.

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