RO meaning in Business ?

Answer:

What is Retail Outlet mean?

Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit. Retailers satisfy demand identified through a supply chain. The term "retailer" is typically applied where a service provider fills the small orders of many individuals who are end-users, rather than large orders of a small number of wholesale, corporate or government clientele. Shopping generally refers to the act of buying products. Sometimes this is done to obtain final goods, including necessities such as food and clothing; sometimes it takes place as a recreational activity. Recreational shopping often involves window shopping and browsing: it does not always result in a purchase.

Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era.

Most modern retailers typically make a variety of strategic level decisions including the type of store, the market to be served, the optimal product assortment, customer service, supporting services and the store's overall market positioning. Once the strategic retail plan is in place, retailers devise the retail mix which includes product, price, place, promotion, personnel, and presentation. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also changing the way that consumers pay for goods and services. Retailing support services may also include the provision of credit, delivery services, advisory services, stylist services and a range of other supporting services.

Retail shops occur in a diverse range of types of and in many different contexts – from strip shopping centres in residential streets through to large, indoor shopping malls. Shopping streets may restrict traffic to pedestrians only. Sometimes a shopping street has a partial or full roof to create a more comfortable shopping environment – protecting customers from various types of weather conditions such as extreme temperatures, winds or precipitation. Forms of non-shop retailing include online retailing (a type of electronic-commerce used for business-to-consumer (B2C) transactions) and mail order.

reference

Full Form	Category
Research Organization	Academic & Science
Rough Opening	Academic & Science
Restrictive Orifice	Academic & Science
Rated Output	Academic & Science
Regional Office	Banking
Running Out	Business
Retail Outlet	Business
Rush Order	Business
Revenue Officer	Business
Red Oxide	Chemistry
Red Orchestra	Community
Romantic Obsession	Community
Renewables Obligation	Community
Ring Out	Computing
ROBLOX	Computing
Romania	Country Names
Rhett Out Bud	Country Specific
Relational Operator	General
Reverse Osmose	General
Rising Order	General
Reverse Osmosized	General
Rubery Owen	General
Repair Order	General
Relay Operator	General
Right On	General
Riddle Obsessed	General
Restricting Oxide	General
Random Object	General
Roof Open	General
Reduced Offset	General
Recruitment Officer	General
Red Outer	General
Responsible Officer	General
risk on	General
Reviewed Original	General
Renewable Obligation	General
Royal Oak	General
Ragnarock online	General
Run on	General
Response Only	General
Requisitioning Objective	General
Rust and Oxidation	General
Romance O	General
RO or	General
Rita Ora	General
Restriction Orifice	General
Requested Off	General
Recycled Organics	General
Representative Office	General
Russian Orphan	Governmental
Roll Over	Governmental
Roll On	Governmental
Run Off	Governmental
Registered Owner	Governmental
Rahva Omakaitse (People’s Home Guard)	Governmental
Restraining Order	Governmental
Repeat Offender (Criminal)	Governmental
Returning Officer	Governmental
Rovigo (Provence)	International
Ragnarok Online	Internet
Resource Operator	Jobs
Routine order	Medical
Rule Out	Medical
Radiation Oncology	Medical
Reproductive Organ	Medical
Radon Occurrence	Medical
Radiation Oncologist	Medical
Reactive Oxygen	Medical
Reflux Oesophagitis	Medical
Relative Odds	Medical
Renal Oncocytoma	Medical
Renal Osteodystrophy	Medical
revenue out turn (!)	Medical
Regular Observation	Medical
Range Officer	Military and Defence
Recruiting Officer	Military and Defence
Rebel Outpost	Military and Defence
Search Radius Rounded To Next Highest Whole Number	Military and Defence
Results Of	Physics Related
Read Only	Physics Related
Romanian	Regional
Regional Openness	Regional
Reverse Osmosis	Science
Readout	Space Science
Receive Only	Space Science
Recovery Operations	Space Science
Repair and Overhaul	Space Science
Radar Operator	Space Science
Recieve Only	Telecommunication