Question

what is retailing? explain retail trends in indian scenario (according to ignou)​

Answer 1

Answer:

sell (goods) to the public by retail

Explanation:

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Answer 2

Retailing is the selling of merchandise and certain services to consumers. It ordinarily involves the selling of individual units or small lots to large numbers of customers by a business set up for that specific purpose.

Indis is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP).Apart from private consumption, India's GDP is also fueled by government spending, investment, and exports.

Even India has a large marketing channel. There are many marketing channels available here. Marketing channel consists of the people or organizations, and activities necessary to transfer the ownership of goods from the point of production to the point of consumption.

If we talk in detail than there are four types of distribution channels that are

1. direct selling
2. selling through intermediaries
3. dual distribution
4. reverse logistics channels

And there are many sub channels attached to it.