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Question
Distinguish between the following:
Departmental stores and Chain stores.
Solution
| 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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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.
_________ open their shops on market days i.e. on fixed days.
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.
State True or False.
Customers cannot bargain in one price shop.
Complete the sentence.
The original form of trade was _________.
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.
Chain stores are retail store owned by _______ organization.
Answer in one sentence
What is departmental store?
Answer in one sentence
What do you mean by chain store?
Answer in one sentence
What is one price shop?
Answer in one sentence
What is a mall?
Explain the following term/concept:
Departmental Store.
Answer in brief.
State any four feature of one price shop.
Justify the following statement:
Authorized dealer do not have other product of other manufacturers.
Justify the following statement:
General stores are generally situated near residential areas.
Justify the following statement:
Departmental store has centralized management system.
Justify the following statement:
Chain store sell a limited range of goods.
