Supermarkets are important to the communities they serve.

Food is needed everywhere

for everyone and this is where supermarkets come in. The more you have in your
Counties or provinces, the more competition you have which lowers pricing (especially
for the higher quality items that are also marketed well)

The team you put together will determine your level of customer service, how inventory
is managed throughout the store and general culture ( how everyone in the store feels
about upper managemnet, their jobs etc). Most supermarkets now sell the same organic
-/conventional products so you have to have a difference about your business than your
competitors.

1. a large retail market that sells food and other household goods and that is usu
ally operated on a self-service basis.

2. any business or company offering an unusually wide range of goods or service

s:
3. A supermarket is a self-service shop offering a wide variety of food and household products,
organized into aisles. It is larger and has a wider selection than earlier grocery stores, but is
smaller and more limited in the range of merchandise than a hypermarket or big-box market.
4. A larger full-service supermarket combined with a department store is sometimes known as
a hypermarket. Other services may include those of banks, cafés, childcare
centres/creches, insurance (and other financial services), Mobile Phone services, photo
processing, video rentals, pharmacies or petrol stations. If the eatery in a supermarket is
substantial enough, the facility may be called a "grocerant", a portmanteau of "grocery" and
"restaurant".[1]
5. The supermarket typically comprises meat, fresh produce, dairy, and baked goods aisles,
along with shelf space reserved for canned and packaged goods as well as for various non-
food items such as kitchenware, household cleaners, pharmacy products and pet supplies.
Some supermarkets also sell a variety of other household products that are consumed
regularly, such as alcohol (where permitted), medicine, and clothes, and some stores sell a
much wider range of non-food products: DVDs, sporting equipment, board games, and
seasonal items (e.g., Christmas wrapping paper in December).
6. The traditional supermarket occupies a large amount of floor space, usually on a single level.
It is usually situated near a residential area in order to be convenient to consumers. The
basic appeal is the availability of a broad selection of goods under a single roof, at relatively
low prices. Other advantages include ease of parking and frequently the convenience of
shopping hours that extend into the evening or even 24 hours of the day. Supermarkets
usually allocate large budgets to advertising, typically through newspapers. They also
present elaborate in-shop displays of products.
7. Supermarkets typically are chain stores, supplied by the distribution centers of their parent
companies thus increasing opportunities for economies of scale. Supermarkets usually offer
products at relatively low prices by using their buying power to buy goods from
manufacturers at lower prices than smaller stores can. They also minimise financing costs by
paying for goods at least 30 days after receipt and some extract credit terms of 90 days or
more from vendors. Certain products (typically staple foods such as bread, milk and sugar)
are very occasionally sold as loss leaders so as to attract shoppers to their store.
Supermarkets make up for their low margins by a higher overall volume of sales, and with
the sale of higher-margin items bought by the intended higher volume of shoppers. Self-
 service with shopping carts (trolleys) or baskets reduces labor cost, and many supermarket
chains are attempting further reduction by shifting to self-service check-out.
https://en.wikipedia.org/wiki/Supermarket

https://makewealthhistory.org/2009/03/10/an-introduction-to-supermarkets/

Social responsibility is the idea that businesses should balance profit-making

activities with activities that benefit society. It involves developing businesses
with a positive relationship to the society in which they operate. The International
Organization for Standardization (ISO) emphasizes that a business's relationship
to its society and environment is a critical factor in operating efficiently and
effectively.

BREAKING DOWN 'Social Responsibility'

Social responsibility means that individuals and companies have a duty to act in
the best interests of their environments and society as a whole. Social
responsibility, as it applies to business, is known as corporate social
responsibility (CSR). Many companies, such as those with "green" policies, have
made social responsibility an integral part of their business models.

Additionally, some investors use a company's social responsibility, or lack

thereof, as investment criteria. As such, a dedication to social responsibility can
actually turn into profits, as the idea inspires investors to invest, and consumers
to purchase goods and services from the company. Put simply, social
responsibility helps companies develop good reputations.

In general, social responsibility is more effective when a company takes it on

voluntarily, as opposed to being required by the government to do so through
regulation. Social responsibility can boost company morale, and this is especially
true when a company can engage employees with its social cause.

Social Responsibility in Practice

Social responsibility takes on different meanings within industries and
companies. For example, Starbucks Corp. and Ben & Jerry's Homemade
Holdings Inc. have blended social responsibility into the core of their operations.
Both companies purchase Fair Trade Certified ingredients to manufacture their
products and actively support sustainable farming in the regions where they
source ingredients. Big-box retailer Target Corp., also well known for its social
responsibility programs, has donated money to communities in which the stores
operate, including education grants.

The key ways a company embraces social responsibility includes philanthropy,

promoting volunteering and environmental changes. Companies managing their
environmental impact might look to reduce their carbon footprint and limit waste.
There's also the social responsibility of ethical practices for employees, which
can mean offering a fair wage, which arises when there are limited employee
protection laws.

Social Responsibility Concerns

Not everyone believes that businesses should have a social conscience.
Economist Milton Friedman stated that "social responsibilities of business are
notable for their analytical looseness and lack of rigor." Friedman believed only
individuals can have a sense of social responsibility. Businesses, by their very
nature, cannot. Some experts believe that social responsibility defies the very
point of being in business: profit above all else.

https://www.investopedia.com/terms/s/socialresponsibility.asp

BREAKING DOWN 'Financial Performance'

There are many different ways to measure financial performance, but all
measures should be taken in aggregation. Line items such as revenue from
operations, operating income or cash flow from operations can be used, as well
as total unit sales. Furthermore, the analyst or investor may wish to look deeper
into financial statements and seek out margin growth rates or any declining debt.

There are many different stakeholders in a company, including trade creditors,

bond holders, investors, employees and management. Each group has its own
interest in tracking the financial performance of a company. Analysts learn about
financial performance from data published by the company in Form 10K, also
known as the annual report. The 10K is a required legal document that must be
published by all public companies. The purpose of the report is to provide
stakeholders with accurate and reliable financial statements that provide an
overview of the company's financial performance. In addition, these statements
are audited and signed by the leadership of the company along with a number of
other disclosure documents. In this way, the 10K represents the most
comprehensive source of information on financial performance made available
for investors on an annual basis. Included within the 10K are three financial
statements, the balance sheet, the income statement and the cash flow
statement.

Financial performance is a subjective measure of how well a firm can use assets
from its primary mode of business and generate revenues. This term is also used
as a general measure of a firm's overall financial health over a given period of
time, and can be used to compare similar firms across the same industry or to
compare industries or sectors in aggregation.
Earning a profit is likely high on the list of things you want your business to accomplish.
To determine if you are actually earning a profit requires knowing a lot more than just
how much money you brought in that month. Determining profit means looking at things
like the company’s assets, expenses, income and equity on a regular basis. These
should all be reflected on your company’s statement of financial performance, which
documents all areas related to finances so you get the big-picture view of where your
company stands.

What Is a Statement of Financial Performance?

A statement of financial performance is an accounting summary that details a business
organization's revenues, expenses and net income. Three financial statements
comprise the statement of financial performance: income statement, balance sheet and
cash flow statement.
Income statement: The income statement reflects a company’s revenues and
expenses. It shows the company’s bottom line so you can see how profitable your
company is during a certain period of time, such as quarterly or annually. The statement
of financial performance takes into account sales revenue, cost of goods sold and other
operating expenses and income.
Balance sheet: The balance sheet reflects where your business stands financially at a
certain point in time. This statement of financial performance takes into account assets,
liabilities and shareholder equity to make sure assets are equal to the other two factors.
The balance sheet incorporates the net income determined on your income statement.
https://bizfluent.com/about-6627481-definition-statement-financial-performance.html