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Commerce > Choosing Where to Buy > Flashcards

Choosing Where to Buy Flashcards

1
Q

What is a convenience store

A

These stores were once located in residential areas but
are now commonly attached to service stations. Convenience stores are small shops which sell a variety of products, concentrating on food items, magazines and newspapers.

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2
Q

What are some advantages for a convenience store

A

Conveniently located, proximity to residents,

extended trading hours

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3
Q

What are some disadvantages for a convenience store

A

Prices are higher than average and there is less

choice available.

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4
Q

What is a department store

A

These stores sell a large range of products within the
one store in different categories knowns as departments. Departments can include clothing, furniture, home appliances, toys, cosmetics, etc. Stores are large and spacious with luxurious and classy interiors.

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5
Q

What is an advantage of a department store

A

Stocks a large variety of high-quality products, offers

some sales assistance, premium brands and luxury items, buy-in bulk so can be cheaper than specialty stores

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6
Q

What is a disadvantage of a department store

A

Prices are higher than the discount department, low

affordability for low-income earners, hard to find what you are looking for

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7
Q

What is a discount department store

A

Similar to department stores, they offer a large range of

products in different categories. However, these stores are of a plain design and offer basic customer service

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8
Q

What is an advantage for a discount department store

A

Stocks a large variety of products at affordable prices

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9
Q

What is the disadvantage of a discount department store

A

Lack of customer service, low to medium quality of

products

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10
Q

What is a variety store

A

A store which sells a wide range of cheap household
goods, including food, drink personal hygiene, office supplies, decorations, electronics, plants, toys pet supplies. Some stores sell goods at a single price ($1, $2 or $3). These stores have a strategy of selling high volumes of goods at small profit margins.

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11
Q

What is an advantage of a variety store

A

Stocks a large variety of products at very affordable

prices

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12
Q

What is a disadvantage of a variety store

A

Very low quality

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13
Q

What is a supermarket

A

These are large, self-serve stores which sell food and

household goods in aisles.

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14
Q

What is the advantage of a supermarket

A

Stocks a large variety of the essential food items such

as fresh fruit and vegetables, dairy, deli, bakery, frozen products, long opening hours

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15
Q

What is the disadvantage of a supermarket

A

Limited range of products other than food, self-serve

checkouts

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16
Q

What is a warehouse club

A

These are stores usually selling a wide variety of

merchandise, in which customers may buy large, wholesale quantities of the store’s products.

17
Q

What is an advantage of a warehouse club

A

Low prices

18
Q

What is a disadvantage of of a warehouse club

A

Must buy in bulk and may need to pay a membership

fee

19
Q

What is a speciality store

A

These stores specialise in either one type of product or
service or a limited range of a few products. Some specialty stores
are part of a larger franchise chain such as Dymocks, Toys R Us.

20
Q

What is an advantage of a speciality store

A

service and product knowledge provided by the sales

staff.

21
Q

What is a disadvantage of a speciality store

A

Higher prices than average

22
Q

What is a stall/market day

A

These stores are temporary and are open in

outdoor areas on particular days. They usually sell homemade goods such as food items and jewellery.

23
Q

What is an advantage of a stall/market day

A

Can bargain over prices, specialised knowledge and

customer service.

24
Q

What is a disadvantage of a stall/market day

A

Limited range and lack of consumer protection

25
Q

What is a non-retail outlet

A 
Online shopping
Mail order
Door to door
party plan
Telemarketing
Vending Machines
26
Q

What are some advantages of a non-retail outlet

A

Large range of products, shopping can be made at home, products will be cheaper, home delivery, 24 hour

27
Q

What are some disadvantages of a non-retail outlet

A

Delivery charges, the return may involve fees, supply credit card details, products can be different in reality, lost or damaged products, risk of scams, pressure sale tactics and long contracts

28
Q

What are the four options to buy from

A

Local, regional, interstate, global

Commerce (7 decks)

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