MANAGEMENT

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: -What is Direct-to-Consumer (DTC, D2C)? A direct-to-consumer business sells its own product directly to its end customers, without the help of third-party wholesalers or retailers. Though much more common now, the DTC trend was initially a big departure from the traditional model.

Detailed explanation-3: -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-4: -The term business-to-consumer (B2C) refers to the process of selling products and services directly between a business and consumers who are the end-users of its products or services.

Detailed explanation-5: -A retail business or retail trader is a business that sells goods or services directly to consumers for personal consumption and not for resale (only for personal use).