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DEPARTMENT: Accountancy
MATT NO:
Retail Business: This includes all activities associated with selling goods and
services to the ultimate consumers.
A retail sale according to a court decision is a sale made to consumers rather than
to dealer in merchant for resale.(Stanton 1981).
Classification of retail Business: Schewe and smith et.al (1980) had classified retail
business into four namely:
Although, mail order business is popular in most African countries due to poor
postal services and corrupt post office staff who may convert the products.