The simplest way is to differentiate between products that are sold by companies. The Retail Sector can be divided in different ways. Selling activities are organized in retail stores, though some products are sold through vending machines, door-to-door sales, or on internet. It is often agreed that at least 80 percent of sales activity must be directed at customers using goods that retailers sell. A retailer is an organization or a person who sells products or services directly to consumers and end-users, that is, to people who would use the offered products. Retail, a word that etymologically comes from the Old French word “tailler” meaning “to cut off and pare,” is reselling. But there are common principles by which all different retailers operate. Among these businesses are department stores, specialty stores, discount stores, and seasonal retailers, all of which sell their products to consumers. The Retail Industry is rather an umbrella concept, including all businesses that sell goods and services to customers.
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