What do you mean by merchandise? Explain the appropriate terms used for the same?
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Merchandise refers to any type of goods, including personal or commercial products, as well as commodities that are sold to members of the public (retail) or other businesses (wholesale). ... The word 'merchandise' is commonly used in movies when gangs are buying and selling illegal goods such as drugs or weapons.
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Merchandising is the promotion of goods and/or services that are available for retail sale. Merchandising includes the determination of quantities, setting prices for goods and services, creating display designs, developing marketing strategies, and establishing discounts or coupons.
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