Inventory: Next, retailers need to manage inventory levels to ensure they have enough products on hand to meet customer demand without overstocking and tying up capital. Inventory management involves tracking stock levels, monitoring sales data, and forecasting demand to make informed purchasing decisions.

Setting prices: Setting prices is another critical aspect of the retail business process. Retailers need to price their products competitively while still maintaining 

Promoting products: Promoting products to customers is essential for driving sales. Retailers use a variety of tactics to promote their products, including advertising, social media, email marketing, and in-store displays. By effectively promoting their products, retailers can increase brand awareness and drive sales.

Sales transactions: Processing sales transactions is a critical part of the retail business process. Retailers need to ensure that sales are processed quickly and accurately to provide a positive customer experience. This involves having a reliable point-of-sale system and properly trained staff.

Customer support: Finally, providing customer support is an essential part of the retail business process. Retailers need to be responsive to customer inquiries, complaints, and feedback to ensure customer satisfaction and maintain their reputation. This involves having a well-trained customer support team and implementing systems to track customer interactions and feedback.