UNIT 1.2 - Types of Retail Stores

Question 1

Describe Department store.

Answer 1

It is a large retail establishment which offers an extensive assortment in variety and range of goods organized into separate departments.

Question 2

3 Advantages of a Department store

Answer 2

1. Shopping Convenience
2. Economies of large scale
3. Wide Choice

Question 3

2 Disadvantages of Department store

Answer 3

1. High Cost of Operation

2. Lack of Co-ordination

Question 4

Describe Discount Store.

Answer 4

Offers its items at a lower price than many other retail stores.

Question 5

Advantage of Discount store.

Answer 5

Cheap products for people who are on budget.

Question 6

Disadvantage of Discount store.

Answer 6

No preferred choice and quality of products.

Question 7

Describe Specialty store.

Answer 7

Caters to one specific retail market, specialises in one breed of products.

Question 8

Describe E-tailer.

Answer 8

A retailer selling goods and services via electronics transactions on the internet. Gives consumers a personal feel for the look and quality of the offerings without requiring them to be present in a store.