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Wholesale is a business in which goods are sold in large quantities to the retailers, industries and other businesses. When the goods are sold to the final consumer in small lots, then this type of business is termed as retail.
Retail Operations. A retail business is a store or any type of operation that sells products to consumers or other businesses. This includes salons that sell hair products, clothing stores, e-book retailers and wholesalers. The type of retail license a business needs depends upon where it is located and what it sells.