BUSINESS ADMINISTRATION
RETAIL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Whole of
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a piece of
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a part of
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Proportion of
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Detailed explanation-1: -Etymology. The word retail comes from the Old French verb tailler, meaning “to cut off, clip, pare, divide in terms of tailoring” (c. 1365). It was first recorded as a noun in 1433 with the meaning of “a sale in small quantities” from the Middle French verb retailler meaning “a piece cut off, shred, scrap, paring".
Detailed explanation-2: -noun. retailer [noun] a person who sells goods retail; a shopkeeper. (Translation of détaillant from the PASSWORD French-English Dictionary © 2014 K Dictionaries Ltd)
Detailed explanation-3: -The word “retailer” is originated from the french word ‘Tailer’ which meant to cut off or divided that gave the concept of selling in small units.
Detailed explanation-4: -A retailer is a person or business that you purchase goods from. Retailers typically don’t manufacture their own items. They purchase goods from a manufacturer or a wholesaler and sell these goods to consumers in small quantities.
Detailed explanation-5: -The word retail is derived from the French word “retaillier” which means “to cut a piece off” or “ to break bulk”. Retailing is a distribution channel function where one organization buys products from supplying firms or manufactures the product themselves, and then sells these directly to consumers.