Question:

What is Retail Trading?

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Retail = selling goods/services directly to consumers for personal use.
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Solution and Explanation

Retail trading involves businesses that sell products or services to the end consumer for personal use rather than for resale or industrial use. Retailers purchase goods from wholesalers or manufacturers and sell them in smaller quantities at a markup to customers. Retail trading can take place in physical stores, online platforms, or through catalogs. This sector plays a vital role in the economy as it directly connects producers and consumers, providing products that meet consumer demand. It includes various sectors such as clothing, food, electronics, and more.
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