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Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply ...
The foundations of an idea, which helps another related scheme or proposal. Unique selling proposition (USP) Any aspect of an object that differentiates it from similar objects. Win-win solution. Providing a product or service which makes everyone happy, particularly both buyer and seller.
GP – Gross Profit. GPO – Group purchasing organization. GRN – Goods Receipt Note. GRNI – Goods Receipt Not Invoiced. GSV – Gross Sales Value. GVC – Global value chain. GMROII – Gross Margin Return on Inventory Investment. G&A – General and Administration expense. expenditures related to the day-to-day operations of a business.
United States. In the United States, the Merriam-Webster Dictionary defines a grocery store as "a store that sells food and household supplies : supermarket". In other words, in common U.S. usage, "grocery store" is a synonym for supermarket. [4] The Oxford English Dictionary notes that the term "grocery store" in American English is often used ...
Clothing terminology. Clothing terminology comprises the names of individual garments and classes of garments, as well as the specialized vocabularies of the trades that have designed, manufactured, marketed and sold clothing over hundreds of years. Clothing terminology ranges from the arcane (watchet, [1] a pale blue color name from the 16th ...
The following is a list of slang that is used or popularized by Generation Z (Gen Z), generally those born between the late 1990s and early 2010s in the Western world. Generation Z slang differs from slang of prior generations. [1] [2] Ease of communication with the internet facilitated the rapid proliferation of Gen Z slang.
List of English words with disputed usage. List of English–Spanish interlingual homographs. List of ethnic slurs. List of generic and genericized trademarks. List of Germanic and Latinate equivalents in English. List of self-contradicting words in English. Lists of Merriam-Webster's Words of the Year. Most common words in English.
A retail mix is devised for the purpose of coordinating day-to-day tactical decisions. The retail marketing mix typically consists of six broad decision layers including product decisions, place decisions, promotion, price, personnel and presentation (also known as physical evidence). The retail mix is loosely based on the marketing mix, but ...