MANAGEMENT

Detailed explanation-1: -Under this definition, there are two types of merchandising companies, namely retail and wholesale. Retailers sell their products directly to consumers, while wholesalers buy from manufacturers and sell to retailers.

Detailed explanation-2: -Direct-to-consumer (DTC) is when a brand or manufacturer sells its own products to its end customers. The DTC retail model involves selling products without the help of third-party retailers or wholesalers.

Detailed explanation-3: -A direct selling company sells products and services directly to consumers, away from a fixed retail locations. It mostly markets its products through independent sales representatives person to person.

Detailed explanation-4: -Business to consumer, or B2C sales, is related to the selling of products to one individual consumer. An example of B2C includes retail sales, as the items sold are directly targeted and consumed by one individual person.