Distinguish and discuss the terms retail and retailing. By using secondary data and internet sources bring out the evolution of the retail sector since the last decade and a half. Highlight the nature, structure, growth, challenges and opportunities that are available to the sector.

Distinguishing Retail and Retailing

Retail refers to the sale of goods or services to consumers for their personal use. It involves the process of selling directly to end-users, typically in small quantities. Retailers are the businesses or individuals that engage in this activity, acting as intermediaries between manufacturers or wholesalers and consumers. Retailing, on the other hand, encompasses the entire process and activities involved in selling goods or services directly to consumers. This includes aspects such as merchandising, advertising, customer service, and distribution.

Evolution of the Retail Sector

Over the past decade and a half, the retail sector has undergone significant evolution, driven largely by technological advancements, changing consumer preferences, and globalization. Here's a brief overview of its evolution:

1. Technological Advancements: The rise of e-commerce has been one of the most transformative changes in the retail sector. Online shopping platforms have become increasingly popular, offering consumers convenience, a wide selection of products, and competitive prices. Mobile commerce has ____ __________ ___ _________ _____ _______ ________ ________.
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