Question:
What are the differences between departmental stores and multiple shops?
Answer:
The differences between departmental stores and multiple shops are summarized below:
- Location: A departmental store is centrally located and attracts customers towards it. On the other hand, multiple shops are situated in different localities and attempt to reach near the customers.
- Variety of goods: A departmental store deals in a wide variety of products and serves as a universal supplier. On the other hand, a multiple shop specialises in one line of goods.
- Type of customers: A departmental store caters mainly to rich people, whereas multiple shops cater to the general public.
- Nature of dealings: A departmental store sells goods both on cash and credit basis. But multiple shops sell goods on cash and carry basis.
- Services: A departmental store offers banking, post office, restaurant and other facilities to customers. Multiple shops do not offer such services.
- Pricing: Different departments of a departmental store may sell goods at different prices. But all the multiple shops sell goods at the same prices.
- Decoration and display: Every department of a departmental store may have different decoration and display. But all the multiple shops of an owner have uniform shop decoration and window display. A departmental store advertises at local level, whereas multiple shops advertise at national level.
- Object: A departmental store aims at providing everything at one place. Multiple shop system, on the other hand, is an attempt to eliminate middlemen and establish direct contact between the manufacturer and consumers.
- Flexibility: In a departmental store quick adjustment can be made according to local changes. One line of goods can be substituted by others. Multiple shop system lacks such flexibility.
- Control: In a departmental store, heads of departments have considerable discretion in the management of operations. Branch managers in a multiple shop system have to follow the policies and procedures laid down by the head office.
- Ownership: A departmental store is generally owned and established by a retail trader. On the other hand, multiple shop system usually operates under the ownership and management of a manufacturer or a wholesaler.
- Risk: Risk involved in a departmental store is relatively greater because success depends on the prosperity of a single location. In multiple shops system risks are spread over different shops located in different areas .
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.
