Question:
Discuss the features of a departmental store. How are they different from multiple shops or chain stores?
Answer:
Departmental stores are basically large, fixed establishments that deal in a wide variety of products. The following points highlight the features of a departmental store:
- Central locations: Department stores are generally located in central areas so as to attract a large number of customers.
- Defined hierarchy: The management in departmental stores follows the same hierarchy that is generally followed in any joint stock company. That is, the top management consists of a board of directors, with the managing director, the general manager and the department managers under it in that order.
- Absence of middlemen: Departmental stores purchase goods directly from manufacturers and sell them to customers. Thus, they eliminate the role of middlemen.
- Centralised purchase with decentralised sales: In a departmental store, the purchases from manufacturers are handled by a single division that follows a centralised purchase policy. On the other hand, the sales are handled by the respective sections of the departmental store, which follow a decentralised policy for sales.
Differences between Departmental stores and Multiple shops
Internal Trade
Q 1.
Used goods are bought and sold in which type of shops.
Q 2.
Mention different types of Chambers of Commerce in India. Explain any one.
Q 3.
Explain important terms used in context of internal trade.
Q 4.
Describe the role and functions of the Chamber of Commerce.
Q 5.
Enumerate the services of the wholesaler to manufacturer and some general services.
Q 6.
What difficulties will be faced by the consumers if retailers are eliminated from the chain?
Q 7.
How does market information provided by wholesalers benefit the manufacturers?
Q 8.
Explain the services of a wholesaler to a retailer, consumer and general services.
Q 9.
Name the retail outlets that sell merchandise through mail.
Q 10.
Explain different types of fixed shops under retail trade.
Q 11.
What purpose is served by wholesalers providing warehousing facilities?
Q 12.
Enumerate the features of retail trade.
Q 13.
Large quantity buying is characteristic of which trade?
Q 14.
Explain the meaning, features, advantages and disadvantages of super market.
Q 15.
Explain the services offered by the wholesalers to the manufacturers.
Q 16.
What is a departmental store?
Q 17.
Goods with little defects are sold in which type of shops?
Q 18.
What is meant by internal trade?
Q 19.
What do you mean by internal trade?
Q 20.
Who are Itinerants?
Q 21.
Name the retail organization where same types of commodities are sold at uniform prices located all over the country.
Q 22.
In which business are goods bought and sold through postal services?
Q 23.
What type of goods are suitable for Automatic vending machines?
Q 24.
Name any two Itinerants.
Q 25.
What are the services offered by retailers to wholesalers and consumers?
Q 26.
Itinerant traders have been an integral part of internal trade in India. Analyse the reasons for their survival in spite of competition from large scale retailers.
Q 27.
Discuss advantages and disadvantages of Mail Oraer House.
Q 28.
What difficulties can a consumer face if there is no retail shop?
Q 29.
Name the machine in which goods are bought and sold by inserting coins.
Q 30.
Give the full form of FICCI.
Q 31.
What are the differences between departmental stores and multiple shops?
Q 32.
How do the wholesalers help the manufacturer in availing the economies of scale?
Q 33.
Give any two services of retailer to the customers.
Q 34.
"The chambers interact with the government at different levels to reorient or put in place policies which reduce trade hindrances."Comment.
Q 35.
What difficulties will be faced by the manufacturers if wholesalers are eliminated from the chain?
Q 36.
Write a short note on Vending Machines.
Q 37.
What is meant by Automatic vending machines?
Q 38.
Mention and define the documents which are used in internal trade.
Q 39.
Distinguish between single line stores and specialty stores. Can you identify such stores in your locality?
Q 40.
Discuss the meaning, features and advantages of Consumer Cooperative Store.
Q 41.
Explain the meaning and advantages of carrying on mail order business.
Q 42.
Give one example of chain stores.
Q 43.
How would you differentiate between street traders and street shops?
Q 44.
Name and define different large scale retail shops.
Q 45.
Why are consumers cooperative stores considered to be less expensive? What are its relative advantages over other large scale retailers?
Q 46.
What is the difference between a hawker and a peddler?
Q 47.
Name any two departmental stores.
Q 48.
Who are itinerants? Name different types of itinerants.
Q 49.
Specify the characteristics of fixed shop retailers.
Q 50.
Explain different types of small scale retail shops.
