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Learn about the different types of retail formats, such as food, softline, hardline, specialist, arcade, anchor store, bazaar, boutique, category killer and chain store. See how retail formats influence consumer choice and expectations, and how they vary across regions and products.
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. Learn about the etymology, history and types of retailers, from ancient times to the digital age, and their strategic decisions and mix.
Distribution is the process of making a product or service available for the consumer or business user who needs it, and a distributor is a business involved in the distribution stage of the value chain. Learn about the strategic approaches, channels and intermediaries of distribution in marketing.
A market is a coordinating mechanism that uses prices to convey information among economic entities and regulate production and distribution. Learn about the different types of markets, such as perfect, imperfect, free, and controlled, and how they differ in terms of efficiency, competition, and regulation.
An economic theory that defines wealth by the amount of precious metals owned. [48] business cycle. Also called the economic cycle or trade cycle. The downward and upward movement of gross domestic product (GDP) around its long-term growth trend. [49] The length of a business cycle is the period of time containing a single boom and contraction ...
Learn what a product is in marketing, retailing, and project management, and how it can be classified by tangibility, use, association, and model. Find out how product information, such as labels, ratings, and certificates, affects consumer behavior and choice.
A consumer price index (CPI) is a price index that measures the average change in prices of a basket of consumer goods and services over time. It is used to track inflation and compare the cost of living across countries.
Learn about the origins and evolution of retail trade across cultures and time periods, from ancient markets to modern online shopping. Explore the role of money, merchants, brands, and cultural exchange in shaping retail history.