Define the Term "Retailing

question 84

Essay

Define the term "retailing."

---

Definitions:

Probabilities

Probabilities measure the likelihood of a particular event or outcome occurring, expressed as a number between 0 (impossible) and 1 (certain).

Expected Value

Expected value is a statistical concept that calculates the average outcome of a random event when considering all possible outcomes and their probabilities.

Probabilities

A measure of the likelihood that an event will occur, expressed on a scale from 0 (impossible) to 1 (certain).

Invest

Distributing financial resources with the aim of achieving financial gain or income.