Lowe’s

Definition

Lowe's is a large retail company specializing in home improvement goods such as hardware, appliances, and garden supplies. It operates as a corporation, showcasing a specialized form of business organization within the retail industry.

Related terms

Corporation:

A legal entity that is separate from its owners, providing limited liability to its shareholders while having the ability to enter contracts, sue, and be sued.

Retail Industry: The sector of the economy that sells goods and services directly to consumers through various distribution channels with the aim of earning profit.

Niche Market:

A focused, targetable portion (segment) of a market sector that addresses a specific customer need or preference