1.

Distinguish between the followingDepartmental Stores and Chain Stores.

Answer»
Departmental StoresChain Stores
(1) MeaningIt is a large scale retail store having different departments and sections for different type of goods under a same roof.It is a retail shop owned and controlled by a single organization located in different parts of the city.
(2) Variety of GoodsIt deals with large variety of goods.It deals with goods of a particular manufacturer only.
(3) LocationIt is located at central place of city.It is located in the residential area of the city.
(4) Capitalit requires large amount of capital.It requires less amount of capital than Departmental store.
(5) Choice of GoodsIt deals in the variety of goods and offers wide choice to customers.It deals in particular product of goods and offer the wide choice to customers.
(6) Home DeliveryIt provides home delivery to customers.It do not provide home delivery to customers.
(7) OperationOperations of departmental store are rigid in nature.Operation of Chain Stores are flexible in nature.
(8) MottoMotto of departmental store is to attract customers.Motto of Chain Store is to approach the customers
(9) PriceIt generally charges high price.It charges comparatively less price.
(10) Cost of operatingCost of operating departmental store is high.Cost of operating chain store is low.



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