What statement concerning retailing is correct?

Answer 1

Retailing involves the sale of goods and services directly to consumers, functioning as the final step in the distribution process. It encompasses various formats, including brick-and-mortar stores, e-commerce platforms, and mobile retailing. Effective retailing strategies focus on customer experience, inventory management, and marketing to attract and retain shoppers. As consumer preferences evolve, retailers increasingly leverage technology and data analytics to enhance their offerings.