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Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit.
The retail marketing mix typically consists of six broad decision layers ... Price lining is the use of a limited number of prices for all products offered by a business.
Retail geography, or geography of retailing, is the study of where to place retail stores based on where their customers are. The use of retail geography has grown significantly in the past decade as a result of the use of geographic information systems . It first emerged in the United States in the 1960s. [1]
A chain store or retail chain is a retail outlet in which several locations share a brand, central management and standardized business practices. They have come to dominate many retail markets, dining markets, and service categories in many parts of the world. A franchise retail establishment is one form
The history of retail encompasses the sale of goods and services to consumers across all cultures and time periods from ancient history to the present. [ 1 ] Commerce first took the form of bargaining between early human civilizations.
Distribution is the process of making a product or service available for the consumer or business user who needs it, and a distributor is a business involved in the distribution stage of the value chain. Distribution can be done directly by the producer or service provider or by using indirect channels with distributors or intermediaries.
TOKYO—Fast Retailing said Thursday that it has joined the Valuable 500, an initiative that encourages business leaders to champion persons with disabilities. In joining the Valuable 500 ...
The small corner grocery store that carries a limited selection of staples and other convenience goods. These stores generate approximately $1 million in business annually. Non-traditional grocery: Wholesale club: A membership retail/wholesale hybrid with a varied selection and limited variety of products presented in a warehouse-type environment.