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Essay # 1. Introduction to Retailers: Retailing is a trading activity directly related to the sale of goods or services to the ultimate consumer for personal, non-business use. A retailer is the last middleman in the machinery of distribution and he is responsible to satisfy recurrent wants of consumers.
Which is the best definition of a retailer?
According to Stephenson, “Retailer is one whose business consists in the sale to consumers of a wide variety of goods which are assembled at the retailer’s premises for that purpose in sufficient quantity and of wide variety so that all the requirements of a large number of individual and household consumers can be smoothly and efficiently met.”
What are the characteristics of a retail business?
Characteristics of Retailer: The main characteristics of retailer are as follows: i. Goods are purchased and sold in small quantities. i. Retailers maintain personal contact with the customers. iii. Under retail trade, goods are sold to ultimate consumers.
Last Update: Oct 2021
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