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Explain the following term/concept:General store. - Organisation of Commerce and Management

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Question

Explain the following term/concept:
General store.

Short Note

Solution

  1. The general store is a retail shop which deals with a wide variety of goods located in a residential locality
  2. Such store sells goods of daily needs like food grains, soaps, stationery, medicines, oils, biscuits, etc.
  3. They provide home delivery to their customers.
  4. They buy goods from the Wholesalers or directly from the manufacturers.
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Introduction of Trade
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Chapter 2: Trade - Exercise Q.2 [Page 44]

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