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PRICE - DECA.org
PRICE - DECA.org

... retailers who accept credit card purchases in their bricks and mortar stores or online stores. These fees vary based on the contract that is negotiated but typically 2.5% to 3% of the total transaction is charged to the retailer for the convenience of offering credit card purchases. This becomes ano ...
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... E.g. Hungry person in Australia would have a burger with a coke whereas in South Pacific would eat mangoes, suckling pigs or beans. Wants basically satisfy needs. As exposure to objects increase, interest and desire increases and producers try to provide more want- satisfying products and services P ...
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Colin Egan: Beyond the Crisis, Back to Marketing Basics

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Retail



Retail is the process of selling consumer goods and/or services to customers through multiple channels of distribution to earn a profit. Demand is created through diverse target markets and promotional tactics, satisfying consumers' wants and needs through a lean supply chain. In the 2000s, an increasing amount of retailing is done online using electronic payment and delivery via a courier or postal mail.Retailing includes subordinated services, such as delivery. The term ""retailer"" is also applied where a service provider services the needs of a large number of individuals, such as for the public. Shops may be on residential streets, streets with few or no houses, or in a shopping mall. Shopping streets may be for pedestrians only. Sometimes a shopping street has a partial or full roof to protect customers from precipitation. Online retailing, a type of electronic commerce used for business-to-consumer (B2C) transactions and mail order, are forms of non-shop retailing.Shopping generally refers to the act of buying products. Sometimes this is done to obtain necessities such as food and clothing; sometimes it is done as a recreational activity. Recreational shopping often involves window shopping (just looking, not buying) and browsing and does not always result in a purchase.
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