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Long Answer Questions · Q12

Q.Explain any five types of large-scale retailers.

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Large-scale retailers take several distinct forms, of which five may be explained as follows.

Departmental Stores are a single large store selling a very wide variety of goods, organised internally into separate departments — clothing, groceries, electronics, and more — all under one roof and one overall management, letting a customer satisfy many different shopping needs in a single visit.

Chain Stores (Multiple Shops) are a number of standardised, near-identical outlets located in different towns or different parts of a city, all owned and centrally controlled by one firm; each individual branch may be modest in size, but the firm as a whole gains the buying power and management strength of a large business.

Mail-Order Business sells to customers who never visit a physical shop: the customer orders and pays after seeing a catalogue or advertisement, and the goods are delivered by post or courier, with no face-to-face contact between buyer and seller at any stage.

Consumer Co-operative Stores are retail stores owned and run by the consumers themselves, organised on co-operative principles, for their own mutual benefit — members typically share in the store's surplus and have a say in how it operates, rather than the store being run to profit an outside owner. …

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