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Retail types
There are three major types of retailing. The first is the market, a physical location where buyers and sellers
converge. Usually this is done ___ town squares, sidewalks or designated streets and may involve the
construction ___ temporary structures (market stalls). The second form is shop or store trading. Some shops
use counter-service, where goods are ___ ___ reach ___ buyers, and must be obtained ___ the seller. This
type of retail is common ___ small expensive items (e.g. jewelry) and controlled items like medicine and
liquor. Self-service, where goods may be handled and examined prior to purchase, has become more
common since the Twentieth Century. A third form of retail is virtual retail, where products are ordered via
mail, telephone or online ___ having been examined physically but instead ___ a catalog, ___ television or
___ a website.
Sometimes this kind of retailing replicates existing retail types such as online shops or virtual marketplaces
such as E-Bay.
Some shops sell second-hand goods. Often the public can also sell goods ___ such shops, sometimes
called 'pawn' shops. In other cases, especially in the case of a nonprofit shop, the public donates goods ___
the shop to be sold (thrift store). In give-away shops goods can be taken ___ free.
There are also 'consignment' shops, which is where a person can place an item in a store, and if it sells the
person gives the shop owner a percentage ___ the sale price. The advantage of selling an item this way is
that the established shop give the item exposure to more potential buyers.