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Question
Distinguish between the following:
General stores and specialty stores.
Solution
| Sr No. | Points | General stores | Specialty stores |
| 1 | Meaning |
It is a shop which deals in Wide variety of goods. |
It is a shop which deals in Specialized products of goods |
| 2 | Location |
It is located in the residential areas of the city. |
It is located in busy Shopping centers of the city. |
| 3 |
Prices |
Prices of goods are generally low. | Prices of goods are generally high. |
| 4 | Sales | Goods are sold on cash basis as well as on credit basis. | Goods are sold on cash basis only. |
| 5 | Variety of product | Customers have limited choice of goods. | Customers have maximum choice in one line of goods. |
| 6 | Types of goods | Goods sold as per customers day to day need. | Specialized goods are sold to customers. |
| 7 | Advertisement | Do not spend much expenses on advertisement. | Spend more expenses on advertisement due to Specialization. |
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