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Distinguish between the following: Department stores and Chain stores. - Organisation of Commerce and Management

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प्रश्न

Distinguish between the following:

Departmental stores and Chain stores.

अंतर स्पष्ट करें

उत्तर

Sr No. Points Departmental stores Chain stores
1 Meaning It is a large scale retail store having different departments and sections for different type of goods under a same roof. It is a retail shop owned, controlled and managed by a single organization selling one line of product, located in different parts of city.
2 Variety of goods Deals with variety of goods in large scale. Deals with goods of one particular manufacturer only.
3 Location

It is situated at the central location in the city.

It is situated in different parts of the city and country.
4 Capital Requires large capital for investment. Comparatively less capital is required.
5 Price The price charged is very high. The price is comparatively less.
6 Operating cost Operating cost is very high. Operating cost is low.
7 Credit Facilities Credit facilities are provided to regular and reputed customers. No credit facilities are provided as all sales are made in cash only.
8 Risk Risk is more as it is centred on one shop only. Risk is divided over all the shops.
9 Advertising Advertisement is done locally as they are usually located in one place. Advertisement is done to cover a larger area as multiple shops are spread throughout the state or country.
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Introduction of Trade
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 2: Trade - Exercise Q.4 [पृष्ठ ४५]

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संबंधित प्रश्न

Match the pairs.

Group ‘A’ Group ‘B’
A) Departmental Store 1) Carry goods on heads
B) Market traders 2) Uniform Price
C) General shops 3) Business on market day
D) One price shop 4) Most common shop
E) Peddlers 5) Huge capital
    6) Distribution through branches
    7) Carry goods on carts
    8) Sale used articles
    9) Specialized goods
    10) Auth oriz ed dealers

Match the pairs.

Group ‘A’ Group ‘B’
A) Import Trade 1) First step in Import
B) Registration 2) Goods not for own country
C) Entrepot trade 3) Buying goods from other country
D) Letter of Credit 4) No restrictions
    5) Selling goods to other country
    6) Credit worthiness of importer.
    7) Recovery of dues

Give one word/phrase/term:
An order placed by an importer for the supply of certain goods. 


Super market shops offer home delivery facilities to customer. 


State True or False.

Customers cannot bargain in one price shop.


Find the odd one


Trade establishes a link between producers and ______.


Complete the sentence.
_______ are retail stores owned by a single organization.


Select the correct option.
Supermarket shop requires ___________capital.


Answer in one sentence
What is departmental store?


Answer in one sentence
What is a mall?


Correct the underlined word and rewrite the following sentence:
The price charged in departmental stores is comparatively less.


Correct the underlined word and rewrite the following sentence:
Tariff rates of various countries affect the internal trade.


Explain the following term/concept:
Letter Of Credit.


Explain the following term/concept:
One price shop.


Explain the following term/concept:
Mall.


Justify the following statement:
General stores are generally situated near residential areas.


Justify the following statement:
Departmental store has centralized management system.


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