Retail refers to the process of selling goods or services directly to consumers through various channels, such as physical stores, online platforms, or mobile apps. It is a crucial sector of the economy that bridges the gap between manufacturers or wholesalers and end-users, offering a wide range of products tailored to meet consumer needs and preferences.In retail, businesses typically procure merchandise from suppliers or producers and then make these products available for purchase by customers at a markup. This involves managing inventory, setting prices, and providing customer service to ensure a seamless shopping experience. Retailers often differentiate themselves through factors like product selection, pricing strategies, customer service quality, and the overall shopping environment.
