Difference between departmental store and chain store
Answers
Answer:
Departmental stores are offering a wide variety of goods for retail sale, while chain stores are retail outlets in various locationw under the same brand and management .
Explanation:
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Explanation:
Basis of Differences
Departmental Store
Multiple shops
1.
Nature:
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There is one store with many departments.
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There are several shops under this system and the shops are scattered over several places.
2.
Variety of Goods:
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Deals in a large variety of goods.
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Deals in one commodity.
3.
Purpose:
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It provides all types of goods to satisfy all requirements of customers.
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They meet only the limited requirements of customers.
4.
Customers:
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High class rich people.
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Belong to higher and middle income groups.
5.
Advertisement:
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It is carried only locally.
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The chain stores are organized on a wide scale or on a nation wide basis.
6.
Window display:
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Done in an artistic decorative style which is unique.
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Done in an identical manner.
7.
Risk:
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Risk is more and concentrated on the store.
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Risk is divided over all the shops.
8.
Credit facility.:
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May be allowed to reputed customers.
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All sales are on cash basis.