Question

explain each type of retail market in detail




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Answer 1

Answer:

Beyond the distinctions in the products they provide, there are structural differences among retailers that influence their strategies and results. One of the reasons the retail industry is so large and powerful is its diversity. For example, stores vary in size, in the kinds of services that are provided, in the assortment of merchandise they carry, and in their ownership and management structures.

The U.S. Census Bureau indicates that 94.5 percent of retail companies have only one location or store.[1] More than one million retail businesses in the U.S. have fewer than one hundred employees. Most retail outlets are small and have weekly sales of just a few hundred dollars. A few are extremely large, having sales of $500,000 or more on a single day. In fact, on special sale days, some stores exceed $1 million in sales.

Answer 2

Explanation:

1) speciality stores:- it focuses on one or two specific categories. ex water purifiers

2) Department stores:- it is generally located within malls and have their own independent stores. ex clothing,mens and women's accessories.

3) super markets:- they are called to be vast market places with a wide variety of categories available. ex groceries bakery products.

4) convenience stores:- it is a store in your locality which provides the most basic materials to you in a timely manner. ex milk store.

5) Drug stores:- it is the one which sells medicines and are specialized in it. ex health and beauty products, protiens,snacks etc

6) Discount stores :- it is a store that sells all products at a Good discount which attracts the customers.

7) extreme discount stores:- these stores have many wares which are very cheap in price and are sold at dirt cheap rate. ex Aldi and Lidle stores

8) off price stores:- they are the stores which sells items that have a minor defect during the time of manufacturing or which have a small defect due to handling. ex Audi

9) super stores:- super stores are retail stores which are huge in size and have many different categories under their belts.ex Tesco, Asda.

10)E- commerce stores:- it is also known as electronic commerce or internet commerce. which refers to the buying and selling of goods and services using the internet. ex Alibaba and Amazon.

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