The complete statement is "Retailing includes all activities involved in selling, renting, and providing products and services to consumers"
Generally, Retail is the selling of products and services to individual customers, as opposed to wholesale, which refers to the sale of goods and services to institutional or commercial clients.
A retailer is someone who buys products in bulk from manufacturers either directly or via wholesalers and then resells those products in smaller amounts to end users with the purpose of making a profit.
In conclusion, involves all actions associated with selling, renting, and giving goods and services to final consumers for their own personal, family, or home use, such as buying and selling goods, renting, and providing goods and services.
Differentiates between different types of retail outlets depending on whether the outlet is owned by individual merchants, corporate chains, or contractual systems.
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