Which of the following statements about retailing is True?
A) By definition, sales made by farmers or manufacturers are not retail sales.
B) It is difficult to become a retailer.
C) Retailing is done only through retail stores.
D) Small retailers have the same buying, promotion, staffing, and expense control strategies as large retailers.
E) None of the above statements about retailing is True.

Question

Quizplus · Accepted Answer

Retailing encompasses sales made by all types of vendors, including farmers and manufacturers, directly to the consumer. It is not necessarily difficult to become a retailer, especially with online platforms lowering barriers to entry. Retailing can be done through various channels, not just physical retail stores, including online and direct sales. Small retailers often have different strategies compared to large retailers due to differences in resources and scale.

Which of the Following Statements About Retailing Is True