What are the 3 special characteristics of retailing?

Characteristics of Retailing and Retailers:

• Retailing brings goods and services closer to the consumers.
• A Retailer is the last link in the distribution channel.
• Retailers buy in large quantities but sell in individual units.
• There are large number of retailers as compared to manufacturers and wholesalers.

By revenue

Retailing involves a direct interface with the customer and the coordination of business activities from end to end- right from the concept or design stage of a product or offering, to its delivery and post-delivery service to the customer.

They purchase goods from a manufacturer or a wholesaler and sell these goods to consumers in small quantities. Retailing is The distribution process of a retailer obtaining goods or services and selling them to customers for use. This process is explained through the supply chain.

33) continues to dominate in China. It is the third-largest retailer in the world, with revenue of $109 billion in its latest fiscal year, still a fifth of the size of Walmart.
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Global 2000: Largest Publicly Traded Retail Companies.

Types of Retail Outlets

• Department Stores. A department store is a set-up which offers wide range of products to the end-users under one roof. …
• Discount Stores. …
• Supermarket. …
• Warehouse Stores. …
• Mom and Pop Store (also called Kirana Store in India) …
• Speciality Stores. …
• Malls. …
• E Tailers.

Types of Retailers – Speciality Store, Department Store, Supermarket, Convenience Store, Discount Store, Corporate Chain Store, Voluntary Chain And a Few Others.

Examples of Retailers

The most common examples of retailing are Traditional brick-and-mortar stores. These include giants such as Best Buy, Walmart, and Target, but retailing includes even the smallest kiosks at your local mall.