Question

Please Answer This Question. It's so urgent according to class 11 | business studies

question- Relaxo stores are networks of retail shops owned and operated by Relaxo company. These shops operate in different parts of the country as they have the same appearance, even their interiors are also identical. All the shops are supplied the goods from head office only and all the policies for all the branches are made by head office only. Even the store sells some goods at uniform prices. (a) State the type of retail store mentioned in the above case. (b) State any five features of retail store given in (a)​

Answer 1

Type of Retail Store:

Chain Sotre

Features:

1. Location: They are located in populated localities, where a large number of customers can be approached.

2. Cash Sales Only: Chain stores don't provide any retail facilities for their customers.

3. Prices: Goods are sold at a uniform, centrally fixed price throughout.

4. Window Dressing: All the stores are decorated in the same way.

5. Centralised Purchases: The head office makes all the purchases for all these multiple shops.