Question

33. There are certain large retailing outlets which satisfy diverse market segments with a wide variety
of goods and services. It is not uncommon for such an organization in the USA to carry "needle to
an aeroplane! Everything from a pin to an elephant' is the spirit behind such outlets. In India
these stores have not yet come at such a large scale in the retailing business. However, some
stores on this line in India include Akberally in Mumbai and Spencers in Chennai,
(a) Identify the form of retailing organization explained in above paragraph,
(b) Briefly explain any five features of the retailing organization identified in (a),
6 marks PLEASE HELP

Answer 1

Answer:

Have you ever thought if there were no markets, how products of different manufacturers would reach us? We are all aware of our general provisions store round the corner which is selling items of our daily need. But is that enough? When we need to buy items of a specialised nature, we like to look at bigger markets or shops with variety. Our observation tells us that there are different types of shops selling different items or specialised goods and depending on our requirements we purchase from certain shops or markets. In rural areas, we may have noticed people selling their goods on the streets, these goods may range from vegetables to clothes. This is a completely different scene from what we see in the urban areas. In our country, all kinds of markets co-exist in harmony. With the advent of imported goods and multinational corporations, we have shops selling these products too. In big towns and cities, there are many retail shops selling particular branded products only. Another aspect of all this is, how these products reach the shops from the manufacturers? There must be some middlemen doing this job. Are they really useful or do prices increase because of them?

Explanation: