What is retail and types of retail?
Definition: Retailing is a distribution process, in which all the activities involved in selling the merchandise directly to the final consumer (i.e.
the one who intends to use the product) are included.
In the supply chain, retailers are the final link between the manufacturers and ultimate consumer.
What is a retail job?
Working in the retail industry involves interacting with people to provide excellent customer service and information about products and services as well as handling and resolving complaints. … It helps to have sales and marketing skills to show, promote and sell the products or services.
Is Home Depot a retail?
Today, The Home Depot is the world’s largest home improvement retailer with nearly 400,000 orange-blooded associates and more than 2,200 stores in the U.S., Canada and Mexico.
What’s another word for retail?
Synonyms & Antonyms of retaildeal (in),market,merchandise.(also merchandize),put up,sell,vend.
Why is retail so important?
Consumers benefit from retailing is that, retailers perform marketing functions that makes it possible for customers to have access to a broad variety of products and services. Retailing also helps to create place, time and possession utilities. … Retailers provide the vital link between producers and ultimate consumers.
What are the types of retail?
Types of Retail StoresDepartment Stores. This type of retail outlet is one of the most complex types of establishments that offer a wide range of products. … Specialty Stores. … Supermarkets. … Convenience Stores. … Discount Stores. … Hypermarkets or Super Stores.
What do you mean by retail?
A retail sale occurs when a business sells a product or service to an individual consumer for his or her own use. The transaction itself can occur through a number of different sales channels, such as online, in a brick-and-mortar storefront, through direct sales, or direct mail.
Who is called retailer?
A retailer is a person or business that you purchase goods from. Retailers typically don’t manufacture their own items. They purchase goods from a manufacturer or a wholesaler and sell these goods to consumers in small quantities.
What is retail in simple words?
Retail refers to the activity of selling goods or services directly to consumers or end-users. Some retailers may sell to business customers, and such sales are termed non-retail activity.
Is Amazon a retail?
Amazon is a massive online retailer that has a market capitalization as of June 2018 that is in excess of $268 billion U.S. As well as being an online retailer, Amazon allows for individuals and business to sell and display products for sale on line.