Retail

Retail refers to the process of selling goods or services directly to consumers for personal use. This sector encompasses a wide range of businesses, including brick-and-mortar stores, online shops, and direct sales. Retailers act as intermediaries between manufacturers and consumers, purchasing products in bulk and selling them in smaller quantities. The retail environment can vary greatly, ranging from large department stores and supermarkets to small local shops and e-commerce platforms. Pricing, advertising, and customer service are critical components of retail operations, as they influence consumer behavior and satisfaction. Retail plays a significant role in the economy, contributing to employment and the distribution of goods within society.