Question

Q. Explain the different types of retail markets.
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Answer 1

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The 7 main types of retailers are; Department Store – This type of retailer is often the most complex offering a wide range of products and can appear as a collection of smaller retail stores managed by one company. The department store retailers offer products at various pricing levels.

Answer 2

Answer:

The retail market is defined as the selling G of commodities to the customers to earn profits.

Ex : A retail uniforms sells the uniform for the students of school.

=> There is a supply chain which includes for this process.

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These are of few types :

1)speciality store : These contains Specific products like equipments for any service, clothing etc.

Mainly the brands, styles, and companies comes in this category of type of retail market.

2)Department store : These are the stores which focus on the collection of daily basis stuffs according to the costumers need.

3)super markets : It's self service shop offers a wide variety of goods, including food items, beverages, etc.

4)super store :it's a kind of super market which sells household goods, including clothes, food items, electronics etc which we need on daily basis.