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Wholesalers. Generally, they earn 3% to 8% profit on the sale. But there is no fixed margin for retailers, the profit margin for retailers may reach 20% in some cases. 3- Credit facilities Another benefit for retailers is that they get credit facilities from wholesalers. But they sell the products for cash which helps in maintaining adequate liquidity in the business. 4- Better relationships with customers Retail is directly related to customers. Retailers can understand customers' interests, preferences, and purchasing behavior. Which helps build a better loyalty relationship with customers. 5- Not taking responsibility In case of defective products, the manufacturer must repltures, advantages and types, and what are the best retail strategies through which to expand your sales? In this article, we review the 15 most important pieces of information about retail trade. What is retail trade?
Retail is the final channel of distribution where small quantities of goods (or services) are sold directly to the consumer for private use. Two key terms in this definition that separate retail from wholesale are small quantities of goods: unlike manufacturing phone number database or wholesaling, the number of goods involved in a retail transaction is much smaller. Direct-to-consumer: Retail stores are the last distribution channels where actual sales to the customer occur. Retailing is the distribution process undertaken by a retailer to obtain goods (either from a manufacturer, wholesaler or agents) and sell them to customers for actual use. In simple terms, retail is a business transaction of small quantities of merchandise between a retailer and a customer where the merchandise is not purchased for the purpose of resale. What is the importance of retailing ?
Retail stores are the places where most of the actual sales to customers take place. It serves as a marketing tool for brands and a support tool for customers to exchange and communicate important information. Besides, retail trade is a great asset to the economy. It creates jobs, adds to the GDP and serves as a preferred shopping channel during the holiday season. What are the characteristics of retail trade ? Retail can be distinguished from wholesale or manufacturing because of their distinct characteristics, which include the following: 1- Direct contact with the client Retailing involves direct contact with the end customer and retailers act as an intermediary between the wholesaler and the customer or the manufacturer and the customer depending on the distribution channels used. 2- Relationship with customers Retailers form a bond with customers and help them decide which products and services they should choose for themselves.
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發表於 2024-2-18 12:53:46