Retail Trade Overview

<p>They sell similar products under the same brand across various locations. (D)</p> Signup and view all the answers

<p>Low customer engagement compared to traditional stores. (A)</p> Signup and view all the answers

<p>It allows shopping from anywhere in the world (B)</p> Signup and view all the answers

<p>Buyers cannot inspect the goods before purchasing (A)</p> Signup and view all the answers

<p>They offer a wide variety of products in separate departments (A)</p> Signup and view all the answers

<p>Selecting goods via printed catalogs and placing orders through mail (C)</p> Signup and view all the answers

<p>They provide a consistent quality of products (C)</p> Signup and view all the answers

<p>They encourage competitive pricing and diverse choices (B)</p> Signup and view all the answers

<p>Departmental stores are found in central places. (D)</p> Signup and view all the answers

<p>Prices differ from one departmental store to another. (B)</p> Signup and view all the answers

<p>Risk of fraud and dishonesty (C)</p> Signup and view all the answers

<p>Consumers prefer traditional shopping methods (D)</p> Signup and view all the answers

<p>Multiple shops deal in a few items from one manufacturer. (D)</p> Signup and view all the answers

<p>Credit facility for purchases. (C)</p> Signup and view all the answers

<p>Malls are equipped with facilities for various services. (A)</p> Signup and view all the answers

<p>Through state of the art architecture and spacious shops. (D)</p> Signup and view all the answers

<p>Malls can host receptions for events like weddings. (D)</p> Signup and view all the answers

<p>Limited choice of brands. (C)</p> Signup and view all the answers

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.