retail

Vocabulary Word

Definition

When a company sells directly to customers for their personal use, it's called 'retail.' This is what happens when you buy a coffee from a café, or a pair of shoes from a store!

Examples in Different Contexts

In social enterprises, retail can be a force for good. A social entrepreneur might highlight, 'Our retail model supports local artisans and promotes fair trade.'

Practice Scenarios

Marketing

Scenario:

The new design of our product packaging is ready. We need to confirm how it matches with our retail branding strategy.

Response:

I'll take a close look at retail branding coordination with the packaging. It's important for our product to stand out.

Creative

Scenario:

We finished the new scenery paintings last week. Let's discuss how and when we'll put them up for retail.

Response:

Let's aim for a retail exhibition date early next month. That should give us time to finalize pricing and promotion.