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Answer in one sentenceWhat is departmental store? - Organisation of Commerce and Management

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Question

Answer in one sentence
What is departmental store?

One Line Answer

Solution

A departmental store is a large scale retail organisation situated  in a central place in the city. It is divided into a number of small retail shops known as departments, selling different goods under one roof. 

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Introduction of Trade
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Chapter 2: Trade - Exercise Q.1 [Page 44]

RELATED QUESTIONS

Select the correct option and rewrite the sentence.
___________ carry goods on their head in baskets or containers.


Select the correct option and rewrite the sentence.
_______ is k now n as self-service store.


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

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A person who move daily from place to place to sell goods. 


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Departmental store located out of the city


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_________ is a large retail organization which mainly sells wide variety of food and grocery items on th e basis of ‘self-service’.


Answer in one sentence.
Who is known as hawkers?


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The price charged in departmental stores is comparatively less.


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Tariff rates of various countries affect the internal trade.


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b) Local Market
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Letter Of Credit.


Explain the following term/concept:
One price shop.


Explain the following term/concept:
Departmental Store.


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General stores are generally situated near residential areas.


Justify the following statement:
Packing plays an important role in selling product in the supermarket.


Justify the following statement:
Chain store sell a limited range of goods.


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