What is Retail?
Retail is the sale of goods and services directly to consumers for personal use. Unlike wholesaling, which involves selling bulk to businesses, retail focuses on individual transactions through channels like online stores, brick-and-mortar shops, and direct sales. Retailers purchase large quantities from manufacturers or wholesalers and sell smaller quantities to end users. This industry encompasses many businesses, including supermarkets, clothing stores, and electronics shops. Learn more about the characteristics and types of retail businesses in this video! #Retail #Business #consumergoods
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