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Question
Justify the following statement:
Chain store sell a limited range of goods.
Solution
- Each branch of a chain store deals in the same commodity or in the same line of products.
- Chain stores can offer superior guidance and specialised support to clients because workers are well-trained in specific products.
- A limited range helps chain retailers improve inventory management, keeping stock levels consistent across branches and reducing transportation.
- Chain stores often brand themselves around specific products or product categories to attract customers shopping for those things.
- Chain retailers can buy in bulk and offer competitive pricing by focussing on a narrow product line.
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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.
_______ 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 |
Complete the sentence.
_______ are retail stores owned by a single organization.
Select the correct option.
The shop where the prices of all th e products or goods are ___________ is k nown as one price shop.
Answer in one sentence
What is departmental store?
Answer in one sentence
What is meant by supermarket shop?
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?
Correct the underlined word and rewrite the following sentence:
The price charged in departmental stores is comparatively less.
Arrange in proper order:
a) Import Stage
b) Pre-import Stage
c) Post-import Stage
d) Preliminary Stage
Explain the following term/concept:
One price shop.
Explain the following term/concept:
General store.
Distinguish between the following:
Departmental stores and Chain stores.
Justify the following statement:
Departmental store has centralized management system.
