Retail company provides goods for you to buy... for example, clothing stores.
Service company provides you a service... for example, a cable television provider.
Retail provides a product for sale. Hospitality provides a service for sale
The difference between ordering and buying is In ordering you obtains the delivery service from the shop to your destination and in case of Buying you don't use delivery services offered by the company.
accounting equation
Direct sale is nothing but exchange of product with money but retail is deals also with service!!
The retail industry is exchanging money for goods while the service industy does not provide physical goods rather money for the service that the professional is providing, i.e. retail examples; store clerks, salesperson service examples; carpet cleaners, teachers
There is little difference between a retail store and a department store. A retail store offers many brands and products designed as a single store. A department store is normally one brand or company but may be a part of a larger retail establishment such as a mall.
Retail Marketing consists of the sale of goods or merchandise from a fixed location, such as a department store. Marketing is everything you do to place your product or service in the hands of potential customers.
Publix is a retail merchandiser.
Product retailing is when a company sells a product that can come from a manufacturer, the store selling the item only sells it does not have a relationship with the consumer. Service retailing is selling a service such as cleaning a house or repairing a car, a relationship is built between the customer and the service provider. When marketing a product the marketer has to show that the product is desirable to the consumer, whereas when marketing a retail service it is a relationship that is being promoted not just a single transaction.
Retail advertising mainly focuses on offering services or goods for sale to people living within the stores vicinity. On the other hand, national advertising aims to generate brand awareness and sell a product or service all across a country.
Carpet area is carpet area and retail area is retail area
Shrinkage is the difference between the stock on the inventory book and the actual physical stock. Shrinkage is also deifned as the difference between the value ( retail price ) of the stock on the inventory book and the value of the ( retail price ) actual physical stock. Shrinkage % is calculated as the difference between the value ( retail price ) of the stock on the inventory book and the value of the ( retail price ) actual physical stock by the retail sales of this volume