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Which is the best essay on retailing?
Essay # 1. Introduction to Retailers: Retailing is a trading activity directly related to the sale of goods or services to the ultimate consumer for personal, non-business use. A retailer is the last middleman in the machinery of distribution and he is responsible to satisfy recurrent wants of consumers.
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What are the characteristics of a retail business?
Characteristics of Retailer: The main characteristics of retailer are as follows: i. Goods are purchased and sold in small quantities. i. Retailers maintain personal contact with the customers. iii. Under retail trade, goods are sold to ultimate consumers.
Where does the word " retailer " come from?
The word ‘retailer’ has been derived from the French word ‘Re-tailer’ which means to ‘cut again’. The term ‘retail’ implies sale for final consumption rather than for resale or for further processing. A retailer is therefore the last link between the ultimate consumer and producer.
Last Update: Oct 2021
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