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What is Retail

What is retail 1.1 Retail Industry Fundamentals

QuestionAnswer
Tangible goods produced for sale to consumers. Products
Individuals or entities who purchase goods or services from a seller. Customers
Intangible actions or tasks provided to fulfill a need or desire of consumers. Services
A company or entity that produces goods in large quantities for sale to retailers or consumers. Manufacturer
Refers to businesses or enterprises that are not controlled or affiliated with larger corporations or chains. Independently owned
Refers to a business approach that provides a seamless and integrated shopping experience across various channels, such as physical stores, online platforms, and mobile apps. Omnichannel
Approximately what percentage of U.S. jobs are retail as of 2019 20-25%
The sale of goods or services directly to consumers. Retail
A business or individual that sells goods or services to consumers. Retailer
 



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