Definition: The sale of goods directly to the consumer, encompassing the storefronts, mail-order, websites, etc., and the corporate mechanisms, branding, advertising, etc. that support them.
Alright class, settle down, let’s take a look! Today we're tackling ‘retail,’ it’s quite a word, you see, And understanding it is key for you and me. The dictionary paints a picture, clear and bright, Of how goods are sold to folks with all their might! It’s not just buying something in a shop so grand, But retail means connecting, hand-in-hand. Think of the stores you visit, shiny and new, Selling clothes and gadgets, for me and for you! But it goes beyond that, don't you agree? It’s also online shopping, for all to see! Mail-order catalogs, a nostalgic treat, And websites buzzing, offering deals so sweet. Plus, there’s the behind the scenes, let’s be true, The branding and advertising, helping products accrue A reputation strong, a name that's known, That’s all part of retail , clearly shown! So, in short my learners, it’s this: Selling directly to you, To the consumer eager, fresh and new. Does anyone have questions? Don’t be shy, let's discuss!