What Are The Advantages Of A Departmental Stores? - Fixanswer

Large investment of capital. Large amount of capital is required to operate departmental store. …
Limited number of customers. …
Lack of personal contact. …
High operational expenses. …
Unsuitable location. …
Difficulty in management.

What is departmental account advantages and disadvantages?

A departmental store is a large scale retail organization. Therefore, it

can afford to have effective advertising through various media of advertisement

. Large-scale advertising reduces the cost of advertising and increases its effectiveness. Departmental Store can perform sales promotion functions also side-by-side.

What are the features of departmental store?

Location. A departmental store is usually located at a busy and prominent place.
Goods available. All kinds of goods are available in such a store. …
Parking facility. …
Carrying goods. …
Well packed. …
Self service. …
Computer billing. …
Brands available.

What are the advantages and disadvantages of supermarkets?

Freedom of Selection. Customers enjoy full freedom of selection in supermarkets. …
Fixed Prices. …
Lower Prices. …
Availability of all the Goods of Daily Need. …
Availability of Variety Goods. …
Availability of Standard Goods. …
More Sells. …
More Profits.

What is the biggest advantage of general store?

Answer Expert Verified. The unique advantage of general stores is

the wide range of its customer base due to the stock of a wide variety of products and brands

. For the customers, the advantage is the availability of a wide range of products under a single roof to meet the diverse choice of different people.

What is meant by departmental store?

A department store is

a retail establishment offering a wide range of consumer goods in different areas of the store

, each area (“department”) specializing in a product category. … Some stores are one of many within a larger retail chain, while others are independent retailers.

What is the meaning of departmental account describe its advantages?

(a) Individual result of each department can be known which helps to compare the performances among all the departments, i.e., the trading results can be compared. (b) Departmental accounts

help to understand or locate the success, failure, rates of profit, etc

.

What is meant by departmental accounts describe the objectives and advantages of preparing departmental accounts?

Departmental accounts

help to understand or locate the success, failure, rates of profit

, etc. It helps the management to make a proper plan of action, policies to increase profit after analyzing the results of the operation of various departments.

What is the aim of departmental store?

The basic objective of a departmental store is

to provide a large variety of merchandise ‘from a pin to an aero plane’ at one place

. It also aims at providing quality goods and services to the customers and acts as a universal supplier.

What are advantages of supermarket?

Advantages of Super Market:

(1)

It offers large variety of goods to the customers at one place which leads to large turnover

. ADVERTISEMENTS: (2) Cost of operation and selling overheads are lesser. (3) It enjoys the economies of large scale operation.

What is the difference between departmental store and supermarket?

A departmental store is a

big retail store

that sells goods of many varieties belonging to different departments. In contrast, a Supermarket is a big self-service retail market that generally sells foods and household items. Although Supermarkets are big stores, they are usually smaller than Departmental stores.

Why departmental store is popular in the big cities?

i) Departmental store

face high operating cost therefore the prices charged by them is also high

. ii) There is lack of personal touch while serving customers. iii) These stores are centrally located which is inconvenient in case of immediate purcahses.

What is the benefit of supermarkets?

Goods are found at relatively at low price in supermarkets because they purchase larger quantity of goods,

sales volume rises high

. It takes less operating cost. They take less profit from customers. Supermarket becomes able to attract more customers due to its special features.

What is an advantage of a convenience store over a specialty store?

Provide more sales assistance as they carry shopping goods

about which details are neededresulting in higher costs that are passed on to the customer as higher prices.

What are specialty stores examples?

Furniture stores, florists, sporting goods stores, and bookstores are all specialty stores. Stores such as Athlete’s Foot (sports shoes only) are considered superspecialty stores.

How do departmental stores work?

Departmental stores are large scale retail stores selling under one roof under a single control. They

deal in a variety of goods

. They are divided into different departments, each selling a particular merchandise. Departmental stores are of French origin.

What are two types of department account?

Independent Basis: In this method, accounts of each department are maintained separately. Each department prepares Trading and Profit and Loss Account. …
Columnar Basis: ADVERTISEMENTS: In this method, there is a single set of books.

What is the main advantage of responsibility accounting Mcq?

I)

Financial accounts are prepared according to Accounting Standards

. II)Management Accounting reports are also prepared according to accounting standard.

Why are departmental accounts prepared?

It

helps to know the profitability of each department

. Investors and outsiders may know the detailed information. It is helpful in making comparison of each expenses (same department) of the different accounting years and different expenses (other departments) of the same accounting year.

How do departmental stores advertise?

Answer: Advertising in departmental stores is one of the

best ways to hike your product sales

. Standees, Danglers, Posters, Samplings, Kiosks or announcements can be used for promotions in departmental stores. The ads in departmental stores use human psychological behaviour for making the most of them.

What is departmental store marketing?

Departmental stores are

large sized retailing which offer varieties of products in the single building

. There are several features of departmental store such as centrally located, several departments, wide varieties of goods etc.

Why are departmental stores not popular in India?

Departmental stores have not been popular in India. It cannot be opened in remote villages or small towns. They

require huge capital and high managerial talents

, which is lacking in India.

What other words can be used for department store?

boutique,
chain store,
dime store,
exchange,
five-and-ten.
(also five-and-dime),
mart,
mini-mart,

What are the advantages and disadvantages of shopping?

Advantages of Shopping Online Disadvantages of Shopping Online	More Control Spending Too Much Time Online	Easy Price Comparisons Returns Can Be Complicated	No Crowds You Don’t Know Exactly What You’re Getting	No Sales Pressure Unfriendly, Scammy, or Complicated Websites

What are the advantages and disadvantages of independent retailers?

Advantages of an independent restaurant include

potentially lower startup costs, full control over operations and avoidance of franchise risks

. Disadvantages include full accountability, more time needed to become profitable and resale difficulties.

What is departmental store and multiple shops?

Departmental stores

offer variety of products to consumers

; multiple shops sell only limited i.e. one or two lines of goods. (ii) Location: Departmental stores are centrally located and attract more customers, whereas multiple shops are scattered throughout the city and try to reach near to the customers.

Which is correct department store or departmental store?

Hi, In India, we use the word “

departmental store

“.

What are the advantages of small shops?

Builds Local Communities. …
Strengthen the Local Economy to Promote Future Growth. …
Local Small Businesses Add Character to Cities and Towns. …
Creates More Jobs and Opportunities. …
Tax Dollars Stay Local and Reenter the Community.

What is the difference between departmental store and mall?

1 Answer. A department store is a retail with many kinds of merchandise arranged in departments, and is situated in one building. A shopping mall is a unit made up of one or multiple buildings that house various different shops. It’s

bigger than a departament store

, and it can encorporate many departament stores.