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what is retail

Retail is the old concept & didn't change much from its inception. Retail is still the top most dominating concept in selling of any product. There are many types of retail & day by day people are adding to retail. What is Retail is a concept which everybody can understand. Overall we can say that retail has a bright future.

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what is retail

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  1. What is Retail KP

  2. KP

  3. Before we take a deep dive first lets us understand "What is Retail". "Retail is the sale of goods and services to the end-users to make the profit.“ Retail can take place in-store & online as well. In another way we can say that retail is the final stage of the distribution where less quantities of good (& services) are sold directly to end-users for their own use. The term less quantity & directly to end-user makes the difference between retail & wholesale. KP

  4. In Retail, one more is a very important & that is "Retailer" which starts the process of retail, so "What is Retailer" a retailer can be a person or business from which end users can buy the products. They are not the manufacture of the product however retailer buy the products from wholesaler, manufacturer & distributor & start selling to end-users. Retailers always sell the products in small quantities. KP

  5. In Retail, there are 4 main participants Manufacturer: Who manufacture the products Wholesale: Who buys the order in bulk Retailer: Who sell the products in small quantity End-Users: Who buys from retail shops for personal use. KP

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