Question

describe the retail industry in terms of how it affects everyone, both directly and indirectly.

Answer 1

Retail industry is one of the major industries dealing with purchase and sale of huge quantities and varieties of goods of various price ranges. The goods range from perishable to those with longer lives. The products of retail industry are used by everyone on a daily basis and hence there is a continuous and never-ending demand for the same.

Below is how retail industry effects everyone both directly and indirectly -

1. Consumers use the retail products on a daily basis and hence they spend majority of their expenses on the same.

2. Retail industry has huge number of employment opportunities.

3. Retail industry provides huge investment opportunities