Classification of Retail Stores Flashcards

Questions and Answers

What is a General Merchandise store?

Only sells one type of item

Found in towns and barrios (correct)

A store composed of sections

Stores on wheels

What differentiates One-type stores from other stores?

Owned and operated by a single owner

Only sells one type of item (correct)

Stores like fast foods and supermarkets

Machines that instantly contain the products

What characterizes Department stores?

Owned by a group

Stores on wheels

Stores composed of sections (correct)

Owned, managed, and patronized by its members

What are Traveling Stores?

Stores on wheels Signup and view all the answers

What defines Self-service stores?

Stores like fast foods and supermarkets Signup and view all the answers

What is the function of Vending Machines?

Machines that instantly contain the products Signup and view all the answers

What are Independent stores?

Stores owned and operated by a single owner Signup and view all the answers

What is the defining feature of Company stores?

Owned by a group Signup and view all the answers

What distinguishes Corporations?

Owned by different individuals who share their stocks Signup and view all the answers

What are Cooperatives?

Owned, managed, and patronized by its members Signup and view all the answers

Study Notes

Classification of Retail Stores

General Merchandise: Found in various locales, whether towns or barrios, offering a wide range of products.
One-type Stores: Specialize in selling a single category of items, focusing on a niche market.
Department Stores: Multi-section stores that offer a variety of products across different categories, each section functioning like a separate specialty store.
Traveling Stores: Mobile stores, often referred to as stores on wheels, bringing products directly to customers in different locations.
Self-service Stores: Include fast food outlets and supermarkets where customers can select their items without direct assistance from staff.
Vending Machines: Automated machines that offer instant access to various products, providing convenience for consumers.
Independent Stores: Retail establishments operated by a single owner, allowing for personalized service and unique offerings.
Company Stores: Retail outlets owned by a group or corporation, typically serving specific customers associated with the company.
Corporations: Retail entities owned by multiple shareholders who hold stocks, enabling larger scale operations and investment.
Cooperatives: Stores that are owned, managed, and patronized by their members, promoting community engagement and shared benefits.

Description

Test your knowledge of different types of retail stores with these flashcards. Each card presents a term related to retail classification along with its definition. Perfect for students and professionals looking to enhance their understanding of the retail industry.