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Distinguish between single-line stores and speciality stores. Can you identify such stores in your locality? - Business Studies

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Question

Distinguish between single-line stores and speciality stores. Can you identify such stores in your locality?

Short Note

Solution

Single-line stores are small shops that deal in only one product—for example, garments or shoes. However, single-line stores offer a wide variety of products. For instance, a single-line store that deals in garments will have a wide variety of clothes in all sizes for men, women, and children.

On the other hand, speciality stores deal only in a particular type of product from a selected product line—for example, men’s clothing. Such stores generally sell all the brands of the product in which they specialise. For instance, if a store specializes in men’s clothing, then it will have all the brands of men’s garments.

On the basis of these features, we can identify the different types of stores in a locality—whether they are single-line stores or speciality stores.

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Types of Internal Trade
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Chapter 10: Internal Trade - Short Answers [Page 255]

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NCERT Business Studies [English] Class 11
Chapter 10 Internal Trade
Short Answers | Q 6 | Page 255
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