In general, products that are significantly cheaper than their counterparts sold at regular retail prices may be cause for concern.

Retailers may need to compete more aggressively for consumers' business if prices go up.

The best buying department in the world is built at Mark and Spencer anyway.

The term retail is quite familiar to those who have connections with sales, marketing and business development. More in depth, a retail business can be defined as a company that gets products from a supplier, and sells them in their area. If you are interested in the article, keep an eye on it below!