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Retailing
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Retailing
Retailing consists of the sale of goods or
merchandise, from a fixed location such as a
department store or kiosk, in small or individual lots
for direct consumption by the purchaser. Retail
comes from the French word retaillier which refers
to "cutting off, clip and divide" in terms of tailoring
(1365). It first was recorded as a noun with the
meaning of a "sale in small quantities" in 1433
(French). Its literal meaning for retail was to "cut
off, shred, paring". Like the French, the word retail
in both Dutch and German (detailhandel and
Einzelhandel respectively) also refer to sale of small
quantities or items.
Retail types
There are three major types of
retailing.
The first is the market, a physical
location where buyers and sellers
converge. Usually this is done on town
squares, sidewalks or designated streets
and may involve the construction of
temporary structures (market stalls).
CONCLUSION:
A further testimony to the fact that the
technology is being taken seriously, is its
deployment in strategic sectors like defense
the US Department of Defense (DoD) has
mandated the use of RFID tags at the case and
pallet level amongst all its suppliers so that it
can have complete visibility of all its goods and
assets. The Indian army could benefit hugely
from adopting RFID technology.
Some of the other sectors where RFID is
expected to witness widespread deployment
includes food, pharma, aerospace, automotive,
transport and logistics, and electronics.
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