Conditions for Loyal Competition in the Food Retail System of the Republic of Moldova

Proceedings of The 2nd International Conference on Management, Economics and Finance

Year: 2019

DOI:

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Conditions for Loyal Competition in the Food Retail System of the Republic of Moldova

Constanța Tiuhtii and Anatolie Caraganciu

ABSTRACT: 

The food retail market in the Republic of Moldova, as well as many developing countries, has enjoyed great growth over the last decade. In the trends of market development and liberalization, the psychological social factor plays an important role.Given that retail networks have undergone aggressive expansion, small stores have hardly been able to cope with the competition. Thus, ensuring the conditions for maintaining a stable competitive environment is essential for the sustainable development of the market.The development of the food retail system has led to a significant increase in the number and diversity of formats on the market. The new format differs from other sectors due to several features. These include the way of carrying out the trade, the variety of assortment offered, the size of the trading point, the service system, etc.The conditions for fair competition in the food retail market in the Republic of Moldova can be fulfilled through the establishment of loyal relationships between the market actors, as well as by considering the particularities of the market complexity in the market analysis. And the active involvement in the cognitive development and the establishment of proactive actions for the development of the self-regulation programs by the market actors in this context are essential.

Keywords: food retail market; loyal competition; advocacy; market relations; market analysis; compliance.