The economic and financial status of trade entrepreneurs in Serbia
Radojko LUKIC
Abstrakt
Due to overall importance special attention is paid to the theoretical and practical analysis of the performance of small independent retailers. Considering that, this paper analyzes the specifics of economic and financial status of trade entrepreneurs, i.e. small independent retailers in Serbia for 2008 - 2012 period. Despite very "complex", i.e. appalling business conditions in Serbia in the last period, the results (of almost all observed indicators) show "relatively" satisfactory economic and financial position of the trade entrepreneurs in Serbia. In total trade operating income in Serbia in 2012 it participated with 3.81%. In order to improve their economic and financial position in the future they should merge (because of joint procurement and other trading activities execution), apply new concepts of cost management (Toyota's principles of business, above all), the concept of managing relationships with customers and suppliers and modern information technology. (JEL Classification: F65 L81 M40).
Klíčová slova:
trade entrepreneurs, Serbia, market share, business strategy, solvency, economy, profitabilityReference
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Vojvodić, K. (2011). Survival strategies of small independent retailers. Business Logistic in Modern Management 11: 211-221.
Bubić, J.; Hajnrih, J. (2012). The analyses business performances of agricultural enterprises in Vojvodina during the current crisis. Economics of Agriculture 2: 183-194.
Coca-Stefaniak, A. (2005). Decline in the British small shop independent retail sector: exploring European parallels. Journal of retailing and Consumer Services 12: 357-371.
EPIC "C Market" AD Beograd, Company Profile, February 2012
Eurostat (2011). Eurostat 2011 edition, Key figures on European business with a special feature on SMES, Pocketbooks. European Commission.
Filipović, N. (2013). Strateški trendovi u maloprodaji. In store: 24-25.
Germany – Retail Foods (2013). 8/22/2013. USDA - GAIN Report Number: GM13031.
GFK Beograd (2012). Potrošač u Srbiji u 2012. i budući trendovi [GFK - Consumers in Serbia in 2012 and future trends].
Knego, N.; Blaženka, K. (2011). The Position of Small Retailers in Croatia on the Verge of Entering the European Union. Proceedins of the 8th International Conference on Economic Integration, Competition and Coperation .
Korać, M. (2013). Transnational pathways to integration: Chinese traders in Serbia. Sociologija LV(1): 245-260.
Kumar, A. (ed) (2011). Opatija: University of Rijeka, Faculty of Economics; University of Ljubljana; University of Antwerp. 1-15 (ISBN: 978-953-7813-04-8).
Lukić, R. (2011a). Evaluacija poslovnih performansi u maloprodaji. Beogard: Ekonomski fakultet.
Lukic, R. (2011b). Estimates of economic performance of organic food retail trade. Economic research 24(3): 157-169.
Lukic, R. (2012). Sustainable Development of Retail in Serbia. Review of International Comparative Management 13(4): 574-586.
Lukic, R. (2013). Sustainable Cost Management in Retail. Review of International Comparative Management 14(2): 268-280.
Lukic, R. (2014). The profitability of trade in Serbia. Asian Journal of Management Research 4(3): 485-500.
Machek, M. (2012). Retail market structure development in Central Europe. Central European Business Review 1(3): 22-27.
Markovic, M.; Simurina, J.; Pavicic, J. (2013). Economic and Business Impact of Crisis on Croatian Trade. Review of Integrative Business Economics 2(2): 672-680.
McKesson (2012). Retail Pharmacy Trends.
PWC (2012). European Working capital, Annual Review 2012 – Working capital: never been better. What the top performing companies are doing differently.
Soil Association (2013). Organic market report 2013.
Tajeddini, K. et al., (2013). Efficiency and effectiveness of small retailers: The role of customer and entrepreneurial orientation. Journal of Retailing and Consumer Services 30: 453-462.
Vojvodić, K. (2011). Survival strategies of small independent retailers. Business Logistic in Modern Management 11: 211-221.
Publikováno
2020-12-01
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LUKIC, R. (2020). The economic and financial status of trade entrepreneurs in Serbia. Economic and Environmental Studies, 14(3 (31), 239–264. Získáno z https://czasopisma.uni.opole.pl/index.php/ees/article/view/2881
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Radojko LUKIC##libcom.statistics##
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