Retail trade

Retail trade involves selling goods directly to consumers for their personal use. It includes businesses like supermarkets, clothing stores, electronics shops, and online retailers. Essentially, retail trade is the final step in the supply chain, where products move from manufacturers or wholesalers to individual buyers. It plays a key role in the economy by providing consumers with access to a wide variety of products and services. Retailers analyze customer preferences, manage inventory, and create shopping environments to meet demand, ultimately enabling people to purchase everyday items efficiently and conveniently.