BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Franchises
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Service Business
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Retail Business
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Detailed explanation-1: -Retailing includes all activities involved in selling goods or services to the final consumers for personal, non-business use. Any organization that sells the products for consumption to the customers for their personal, family, or household use is in the occupation of retailing.
Detailed explanation-2: -Retail refers to the activity of selling goods or services directly to consumers or end-users. Some retailers may sell to business customers, and such sales are termed non-retail activity.
Detailed explanation-3: -Retail is the sale of goods or services from a business directly to a consumer for their own use. It can include physical stores, online stores, and mobile stores. Retailers range from large department stores to small, independent businesses.
Detailed explanation-4: -Retailers sell their products directly to consumers, while wholesalers buy from manufacturers and sell to retailers.