Retail is the sale of goods and services from individuals or businesses to the end-user.
Retailers are part of an integrated system
called the supply chain. A retailer purchases goods or procuring large quantities
from manufacturers directly or through a wholesale, and then sells smaller
quantities to the consumer for a profit. Retailing can be done in either fixed
locations like stores or markets, door-to-door or by delivery. Retailing
includes subordinated services, such as delivery.
The term "retailer"
is also applied where a service provider services the needs of a large number
of individuals, such as for the public. Shops may be on residential streets,
streets with few or no houses or in a shopping mall. Shopping streets may be
for pedestrians only. Sometimes a shopping street has a partial or full roof to
protect customers from precipitation. Online retailing, a type of electronic
commerce used for business-to-consumer (B2C) transactions and mail order, are
forms of non-shop retailing.
Source: http://en.wikipedia.org/wiki/Retailer
Tags: activity, selling, product, merchant
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