Question
Modern organized retail business has a multitude of formats. These formats can be classified according to the following:
The correct answer is
Merchandise offered and size of the store area
Merchandise offered and store area are both useful bases for classifying organized retail formats. The assortment and physical scale distinguish formats such as convenience stores, supermarkets and department stores; neither dimension alone describes them fully.
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Important Questions from Wholesale and Retail Trade - Teaching
In the retail industry, a "Category Killer" is referred to as:
- Huge stores that combine supermarket, discount and warehouse retailing are called:
Retailer cooperatives belong to which of the following distribution channel systems?
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