Glossary
Business
The Business Glossary is your go-to resource for mastering key business terms and concepts relevant to today’s entrepreneurs and professionals. Covering a wide range of topics from marketing strategies and financial management to leadership principles and operational efficiency, this glossary provides clear and concise definitions designed to enhance your business acumen. Whether you’re starting a new venture, scaling an existing business, or simply seeking to expand your knowledge, this glossary equips you with the insights and tools necessary to make informed decisions. Empower yourself to thrive in the ever-evolving world of business with essential information at your fingertips.
Retail
Retail refers to the process of selling goods or services directly to consumers through multiple channels of distribution to earn a profit. This includes physical stores, online marketplaces, or through direct sales methods such as catalog sales or vending machines. Retailers source their products from manufacturers or wholesalers and offer them to the end consumer in small quantities. The retail sector is a critical component of the economy as it facilitates the distribution of goods and commodities to the public.
