RETAIL VALUE Meaning and
Definition
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Retail value refers to the price at which a product or service is sold directly to consumers in the retail market. It is the amount that a customer is expected to pay when purchasing a particular item from a retailer, excluding any discounts or promotions. The retail value is determined by various factors such as production costs, marketing expenses, distribution charges, and the desired profit margin of the retailer.
The retail value often takes into account the supply and demand dynamics, competition, and perceived value of the product or service in the market. It represents the fair and competitive price that sellers offer to attract customers and maximize their revenue. Retailers typically set their prices based on a thorough understanding of the target market, segmentation, and customer behaviors.
The retail value is prominently displayed on price tags, labels, or product descriptions in brick-and-mortar stores as well as on e-commerce platforms. It helps consumers make informed purchasing decisions, compare prices across different retailers, and assess the affordability and worthiness of the product.
Retailers sometimes offer discounts or sales promotions to attract more customers or clear out excess inventory, which may temporarily reduce the retail value of a product. However, the retail value acts as a benchmark, representing the original or standard price for a particular item in the retail market.
Common Misspellings for RETAIL VALUE
- eetail value
- detail value
- fetail value
- tetail value
- 5etail value
- 4etail value
- rwtail value
- rstail value
- rdtail value
- rrtail value
- r4tail value
- r3tail value
- rerail value
- refail value
- regail value
- reyail value
- re6ail value
- re5ail value
- retzil value
- retsil value
Etymology of RETAIL VALUE
The word "retail" comes from the Old French word "retaillier", which means "to cut again, divide into small pieces". This is derived from the Latin word "reticulus", meaning "a little net". In medieval times, "retaillier" referred to the act of selling small quantities of goods to individual customers.
The term "value" originates from the Latin word "valere", meaning "to be strong, be worth". Over time, it came to denote the worth or importance of something.
Therefore, the etymology of "retail value" suggests the worth or price assigned to goods when sold to individual customers in small quantities.
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