This document discusses marketing intermediaries and retailing. It defines retailing as activities involved in selling goods or services directly to consumers. There are different types of retailers like specialty stores, department stores, supermarkets, and convenience stores. Retailing decisions include target markets, product assortment, prices, store atmosphere, and location. Major trends in retailing include the growing share of modern organized retailing in countries like India and Pakistan. Non-store retailing includes direct selling, vending, and direct marketing. Franchising systems allow franchisees to operate under a franchisor's brand name. Wholesalers perform functions like selling, buying, warehousing, transportation, financing, and providing market information for retailers.