Retail Trade Overview

Selling goods or services over the internet.

Selling goods in a permanent physical store.

A machine that sells goods automatically.

A large store that sells a wide variety of goods in different departments.

A group of retail shops owned and operated by a single business.

Departmental stores are typically situated in central locations, making them easily accessible to a large customer base.

Multiple shops, unlike departmental stores, tend to be spread out in various locations, often closer to residential areas.

Departmental stores often have unique and diverse decoration styles, reflecting the choices of individual store owners.

Multiple shops tend to maintain a uniform appearance and decoration, adhering to the guidelines set by the head office.

Departmental stores offer a wide array of products from different manufacturers, providing a vast selection to customers.

Multiple shops tend to focus on a smaller range of products, usually from a single manufacturer, specializing in a niche.

Prices in departmental stores can vary, often reflecting the higher quality and exclusivity of the products they sell.

Prices in multiple shops are usually uniform across all branches, ensuring consistency and affordability.

Retail trade involving businesses that operate on a large scale, often using multiple outlets and advanced technologies to sell goods to a wide customer base.

Benefits for customers who shop at multiple stores belonging to a single company, including greater product variety, consistent quality, and possible loyalty programs.

Benefits for companies running multiple stores, including economies of scale in purchasing, efficient inventory management, and standardized brand image.

Key characteristics of large-scale retail stores offering a wide variety of goods at competitive prices, often focusing on convenience and value for customers.

Steps involved in buying goods through a catalog or online platform, including selecting items, placing the order, making payment, and receiving the goods.

Reasons why tele-shopping, despite being convenient, is not widely adopted by consumers, including skepticism about product quality, security concerns, and limited options.

Characteristics of large department stores, encompassing diverse product departments, customer services, and a focus on convenience and shopping experience.

Distinctive features of large departmental stores compared to chain stores, highlighting differences in product variety, shopping experience, and business structures.