27th Sept, 2012
Retail is an undertaking involving sales of goods and services from businesses to the final consumers. The main reason behind the booming of retail trade is the steady increase in disposable earnings of both the upper and middle set household. Retail trade involves the retailers and the consumers as the only involved parties in the trade circle. The retailers form a very important role in ensuring a consistent supply chain is maintained. As a trade culture, the retailers would usually purchase products in large scale from the manufacturers and then sell to the consumers in small quantities.