- Importance of Retailing
Retailing is important for the creators, customers, as well as the economy. Retail stores are the places where most of the actual sales to the customers take place. They act a… See more
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- The retail industry is characterized by123:
- Segmentation by products, distribution channel, and geography.
- Providing a platform for promoting goods and services.
- Selling a wide variety of goods.
- Using various channels, such as telephone, vending machines, and the internet, to sell goods and services.
- Having a service-based interface with the customer.
- Selling small quantities of items on a frequent basis.
- Providing convenience in terms of location of the shop, types of payment and different credit facilities for purchasing, range of merchandise and after-sales support, etc.
- Striving to have returning customers.
- Aiming to conceive an idea and deliver consistency, profitability and integrity from concept to execution.
Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The retail industry is segmented by products (food and beverages, personal and household care, apparel, footwear and accessories, furniture, toys and hobby, electronic and household appliances, and other products), distribution channel (supermarkets/hypermarkets, convenience stores, and department stores, specialty stores, online, and other distribution channels), and geography (North America, Europe, Asia-Pacific, Latin...
www.mordorintelligence.com/industry-reports/retail …The following are the characteristics of a retail sector: provides a platform for promoting goods and services sells a wide variety of goods, unlike wholesalers who sell a particular good uses various channels, such as telephone, vending machines, and the internet, to sell goods and servicesca.indeed.com/career-advice/finding-a-job/retail-se…The retailer’s interface with the customer is service-based. Retailers sell small quantities of items on a frequent basis. Customers feel comfortable as the retailers provide convenience in terms of location of the shop, types of payment and different credit facilities for purchasing, range of merchandise and after-sales support, etc.accountlearning.com/characteristics-of-retailing/ - People also ask
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