retailing, the selling of merchandise and certain services to consumers. It ordinarily involves the selling of individual units or small lots to large numbers of customers by a business set up for that specific purpose.
In this post
What do we mean by retail?
Definition of retail (Entry 2 of 4) : the sale of commodities or goods in small quantities to ultimate consumers also : the industry of such selling. at retail. 1 : at a retailer’s price.
What do you mean by retail and retailing?
The term retail refers to the sale of goods and services to the public for consumption. Retailing involves all activities required to market consumer goods and services to consumers who are purchasing for individual or family needs through a point of purchase.
What is example of retail?
The most common examples of retailing are traditional brick-and-mortar stores. These include giants such as Best Buy, Walmart, and Target, but retailing includes even the smallest kiosks at your local mall. Retailers don’t just sell goods; they also sell services.
What does retail only mean?
Related Definitions
Retail only, for licensing purposes, means all sales are made at a retail location. The fact that a business is generically considered to be a “retail” business is not material.
What is another name for retail?
What is another word for retail?
| sell | market |
|---|---|
| merchandise | merchandize |
| distribute | barter |
| dispense | deal in |
| put up | put up for sale |
What are the 3 types of retailing?
Off-price retailers are mainly of three types. They are; factory outlets, independents, and warehouse clubs. Factory outlets are owned and operated by manufacturers, which normally carry the manufacturers surplus, discontinued, or irregular goods.
What is importance of retailing?
Retail dominates the supply chain
Goods and services flow from a retailer or a distribution supplier to final customers in a supply chain. Where there are many consumers spread globally, the position of retail stores becomes even more critical. Retailers serve as a conduit between a producer and the end customer.
What is the role of retailing?
The primary function of a retailer is selling the products to the customers for which various techniques or business practices are being adopted by the retailer to achieve the strategic goals.
What are the types of retail products?
Types of Retail Businesses
Hardlines – things that tend to last a long time, such as appliances, cars, and furniture. Soft goods or consumables – things like clothing, shoes, and toiletries. Food – things like meat, cheese, produce, and baked goods. Art – things like fine art, as well as books and musical instruments.
What are retail items?
Retail includes clothing stores, food stores, auto dealers, restaurants, hardware stores and general merchandise.
How many types of retail are there?
Types of Retailers – Speciality Store, Department Store, Supermarket, Convenience Store, Discount Store, Corporate Chain Store, Voluntary Chain and a Few Others.
What are retail services?
Retail Services means uses providing services, as opposed to products, to the general public. Examples are eating and drinking establishments, motels, real estate and financial offices and uses providing health education and social services.
Who is retailer and wholesaler?
To summarize the key differences, retailers sell goods directly to the end-user, typically in small quantities. Wholesalers, on the other hand, sell goods to other store owners and others in the retail industry who then turn around and sell the goods to the end user.
What is opposite of retail?
If you buy a pair of jeans at your neighborhood Chique Boutique, you’re buying retail, but if you go to China and buy a boatload of jeans directly from the manufacturer, you’re buying wholesale, which is the opposite of retail.
What is another word for retail price?
What is another word for retail price?
| list price | sticker price |
|---|---|
| market price | sale price |
| standard price | selling price |
| flash price |
What is another name for a wholesaler?
What is another word for wholesaler?
| dealer | trader |
|---|---|
| supplier | broker |
| exporter | importer |
| seller | tradesman |
| purveyor | merchandiser |
What are the 4 types of retailer?
Types of Retailers
- Department Stores. Traditional department stores sell a wide range of merchandise that is arranged by category into different sections in the physical retail space.
- Grocery Stores and Supermarkets.
- Warehouse Retailers.
- Specialty/Outlet Retailers.
- Discount Retailer.
- Internet/Mobile Retailer.
What are the features of retailing?
7 Important Characteristics of Retailing in India
- It offers direct interaction with the customers:
- Small quantity makes large quantity:
- Customer service:
- Point of sales promotion:
- Different forms:
- Location and Layout being Important:
- Big Employment Provider:
What are the characteristics of a retailer?
(i) A retailer is the link between a wholesaler and the ultimate consumer and he is the last intermediary in distribution. (ii) A retailer buys goods from wholesaler in bulk and resells them to consumers in small quantities. (iii) A retailer maintains a personal contact with his customers.
What are examples of retail sales?
Understanding Retail Sales
- Clothing & clothing accessories stores.
- Pharmacies & drug stores.
- Food & beverage stores.
- Electronics and appliance stores.
- Furniture stores.
- Gasoline stations.
- New car dealers.