Sarthaks Test
0 votes
50 views
in Business Studies by (64.1k points)
What is a departmental store?

1 Answer

0 votes
by (106k points)
edited by
 
Best answer

Departmental Stores : “A departmental store is that type of retail institution which handles a wide variety of merchandise under one roof with the merchandise grouped into well defined departments which are centrally controlled.” “A departmental store is a large retail establishment having in the same building a number of departments each of which confines its activities to one particular branch of trade and forms a complete unit in itself.” “A departmental store carries several product lines, typically clothing, home furnishings, and household goods, where each line is operated as a separate department managed by specialist buyers or merchandisers.” 

Features of a departmental store are given below: 

1. Central location 

2. Provision of services 

3. Corporate status 

4. Elimination of middlemen 

5. Centralised purchasing 

6. Large variety of goods

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...