Concept information
Preferred term
retailing
Definition
- In today's free-market economy, there are two markets in which products are sold; retail markets and wholesale markets. In each, the products are the same but their prices, amounts, and to whom they are sold differ. [Source: Encyclopedia of New Venture Management; Retailing]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/retailing
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