Quimbolenidn
Answered

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Define and provide an example of the following types of stores?​

Sagot :

GUWAP0idn

QUESTION

Define and provide an example of the following types of stores?

ANSWER

>>>>Provide example of the following of Stores↓

  1. Speciality store.

>>>>Speciality stores carry very limited product lines with deep assortment. They offer a wide choice in terms of models, size, style, colour and other important attributes in the assortment carried.

2. Department store

>>>>>A departmental store is a large retail outlet that handles a wide variety of lines of product. It has a wide assortment in each line and is organized into separate departments for purposes of buying, promotion, services and control. It is sometimes called mass merchandising departmental store e.g., military canteens.

3. Super markets

>>>>>A supermarket is designed to serve the total needs for food, laundry and household maintenance products. It is relatively large in size. Its operation is low cost, low margin, high volume and self service in nature.

4. Convenience store

>>>>>A convenience store is located near residential area. It is relatively small. It is kept open for long hours. A limited lines of convenience products are offered for sale. The prices charged are slightly higher.

5. Discount store

>>>>A discount store sells standard merchandise at lower prices. Higher volumes of sales compensate lower margins and increase the overall profitability. Discount retailing has moved into speciality merchandise stores such as sport goods stores, electronics stores and book shops.

6. Off price retailer

>>>>>An off-price retailer sells left over goods, over runs, and irregulars obtained at reduced prices from manufactures or other retailers. Off price retailers may be of three types.

7. Super store

>>>Super stores meet consumers’ total needs for routinely purchased food and nonfood items.

8. Hyper Markets

>>>>Hyper markets originated in France. Hyper markets combine speciality stores, limited line stores in a single level store. Product assortment goes beyond routinely purchased goods. It includes furniture, large and small appliances, clothing items, etc.

9. Catalogue showroom

>>>>Customers order goods from a catalogue in the showroom. Then, they pick these goods up at a merchandise pickup area in the store.

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