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Question
Answer in brief.
State any four feature of one price shop.
Solution
Following are the features of One Price Shop:
- Location: One price shops are located in busy centers of the city such as busy trade centers near railway stations, bus stops and other crowded places.
- Variety of Goods: In one price shop, the customers are given wide scope to make selection of goods of their choice. However, the price is uniform but quality of the goods may be different.
- Cash Sales: In this shop goods are sold on cash basis only. No credit facility is given to the customers. So there is no risk of bad debts.
- Low Priced Articles: In one price shop, the goods are sold to customers for domestic use at lower prices e.g. stationery, cutlery, toys, plastic goods, etc.
- Uniform Prices: All the articles of goods are sold in one price shop at the same price. The customers have no scope for bargain in this shop.
- Business Policy: In one price shop, the policy of buying and selling of goods of all the shops are the same one.
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RELATED QUESTIONS
Select the correct option and rewrite the sentence.
_________ open their shops on market days i.e. on fixed days.
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 |
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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
Complete the sentence.
_________ is a large retail organization which mainly sells wide variety of food and grocery items on th e basis of ‘self-service’.
Complete the sentence.
_______ are retail stores owned by a single organization.
Select the correct option.
Supermarket shop requires ___________capital.
Answer in one sentence.
Who is known as hawkers?
Answer in one sentence
What is one price shop?
Correct the underlined word and rewrite the following sentence:
Tariff rates of various countries affect the internal trade.
Explain the following term/concept:
One price shop.
Explain the following term/concept:
Departmental Store.
Explain the following term/concept:
General store.
Distinguish between the following:
Departmental stores and Chain stores.
Justify the following statement:
Departmental store has centralized management system.
Justify the following statement:
Packing plays an important role in selling product in the supermarket.
