What the meaning of retail?

Answer 1

The term "retail" refers to the sale of goods to the public, the purchase of goods by the public, or the price of such purchases. More often than not, the buyer is the end consumer, rather than someone buying for resale to someone else.

*In most cases under US law, sales tax is charged only on retail purchases, rather than wholesale.

Answer 2

Retail refers to the sale of goods or services to consumers in small quantities for personal use. It involves selling products directly to the end user through physical or online stores. Retailers purchase goods from wholesalers or manufacturers and sell them at a profit.