Question

signifance of retail trading​

Answer 1

Answer:

Retail trade has always been an important factor in the nation's economy and credit outlook. Retailers purchase items for sale with no guarantee of selling them, often borrowing large sums to make the goods available to customers. Customers, in turn, often purchase items on credit, using store or national credit cards.

Answer 2

Answer:

Retailers are the important link between manufacturers and customers. They are the final point of sales and are invaluable to the entire distribution channel. They, in fact, provide services to both the wholesalers and the consumers.