Classification of Retail Stores Flashcards

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.

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.