Classification of retail outlets Flashcards
List the different types of retail outlets
6
Supermarkets Hypermarkets Independent shops Department stores Multiple chain stores Discount stores
Give the five advantages of a supermarket
Often cheaper prices as supermarkets can bulk-buy products, due to a large turnover of stock
Offer a wide arrange of products including own brand products e.g. food, household items and clothing
Some offer internet shopping with home delivery
Offer self-service, allowing customers to shop independently
Large, open-plan stores, making them easy for customers to move around
Give a disadvantage of supermarkets
Often located on the outskirts of cities and towns, which can make them inaccessible for individuals without transport
Give the advantages of a hypermarket
3
Offer a wide array of products e.g. food, appliances and cleaning products at much cheaper prices then supermarkets
Offer self-service which allows customers to shop independently
Often have a café or restaurant
Give the disadvantages of a hypermarket
2
The vast size and wide array of stock can encourage impulse buying
Often located on the outskirts of citied and towns which can make them inaccessible for individuals without transport
Give the advantages of independent shops
4
Many offer a counter service which is deemed a more personal service
Generally located in cities and towns
Tend to be family-run
Often specialised e.g. jewellery
Give the disadvantages of independent shops
3
Tend to be small
Often have a limited stock, as turnover is less than large stores
Often more expensive than supermarkets because they cannot bulk-buy products to avail of discounts as they do not have as big a turnover
Give the advantages of department stores
5
Large
Offer a wide array of products e.g. cosmetics, clothes and electrical items
Offer self service which allows shoppers to be independent
Offer a personal service by providing personal shoppers
Offer competitive prices and good value for money
Give the disadvantage of department stores
Tend to be located in large cities and towns which makes them inaccessible for individuals who live in rural areas
Give the advantages of multiple chain stores
3
All shops tend to have a similar layout, uniform style and sell the same products
Offer self-service which allows customers to shop independently
Offer competitive prices and good value for money
Give the disadvantage of department stores
Tend to be located in large cities and towns, which can make them inaccessible for individuals who live in rural areas
Give the advantages of discount stores
3
Offer goods at a greater discount as they have a high turnover and focus on low-cost items
Offer a wide array of products in store e.g. cosmetics, food, cleaning products and games
Offer self-service allowing customers to shop independently
Give the disadvantages of discount stores
2
Impulse buying is encourages due to most products costing two euro or less
Tend to be located in large cities and towns which can make them inaccessible for individuals who live in rural areas
List other retail outlets other than those studied in detail
(5)
Auctions Street markets Party selling Mail-order shopping Online shopping
What is mail-order shopping?
This involves choosing goods from a catalogue and ordering them by post, phone or through an agent e.g. Avon
