What do you understand by multiple shops and what are its features?

What do you understand by multiple shops and what are its features?

Multiple shops refer to retail shops started and controlled by a single organization and located in different parts of a city or throughout the country. These shops are also known as chain stores. Multiple shops deals in a limited variety of products. These stores deal in a general category product line.

What are the advantages of multiple shops?

4. Advantages of Multiple Shop System:

• Advantages of Multiple Shop System: The multiple shop system has the following advantages:
• Rapidity in Turnover: ADVERTISEMENTS:
• Stock Adjustments or Transfers:
• Common Advertising:
• Elimination of Bad Debts:
• Operational Economy:
• Low Prices:

  What are multiple shops explain four of its characteristics?

  (i) Multiple shops specialise in one line of product and the range of articles is restricted. (ii) They are horizontally integrated under centralised control. (iii) They deal on cash-and-carry principle and do not sell on credit.

  What is meant by multiple shop?

  A multiple store is one of several retail enterprises under the same ownership and management. A multiple store is one of several retail enterprises under the same ownership and management.

  What are the features of hypermarket?

  A hypermarket is a retail store that combines a department store and a grocery supermarket. Often a very large establishment, hypermarkets offer a wide variety of products such as appliances, clothing, and groceries. Hypermarkets offer shoppers a one-stop shopping experience.

  What is multiple chain stores explain its three features?

  Multiple shops They offer a wide variety of products to customers. They deal with a single line of products and specialise in it. Customer services. They offer a wide variety of customer services. They offer limited customer services.

  What are the limitations of multiple shops?

  The disadvantages of multiple shops or chain stores can be described as follows:

  • More capital required.
  • Limited range of products.
  • Problem of efficient staff.
  • Lack of initiative.
  • Problem to customers.
  • Lack of freedom.

    How do multiple shops eliminate Middlemens?

    By selling directly to the consumers, the multiple-shop organisation is able to eliminate unnecessary middlemen in the sale of goods and services.

    What are multiple shops give two examples?

    Multiple shops specialise in one line or limited variety of goods of daily use. For example, Bata stores deal in footwear and related items.

    What are the advantages of hypermarket?

    In terms of the most important competitive advantages of hypermarkets, traditional retailers mention lower prices, longer opening hours, greater product assortment and better adaptation to consumer shopping habits.

    What is difference between supermarket and hypermarket?

    A Supermarket is a large store, but a Hypermarket is much bigger than a Supermarket. Hypermarkets store a higher number of FMCG products than a Supermarket. A Supermarket has a warm, pleasant look that attracts customers, whereas a Hypermarket usually looks like a warehouse.

    What is the difference between multiple shops and departmental stores?

    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.

    What are multiple shops examples?

    Answer: Multiple shops specialise in one line or limited variety of goods of daily use. For example, Bata stores deal in footwear and related items.

    What is the difference between a department store and a multiple?

    What are 3 disadvantages of grocery shopping?

    Disadvantages of Supermarkets

    • Need for Huge Amount of Capital.
    • Problem of Required Space.
    • Difficult for Customers in Making Selections.
    • Not Suitable for the Sales of Goods of Technical Nature.
    • Possibility of Spoil of Perishable Goods.
    • Lake of the Facility of Credit.
    • Fewer Opportunities for Employment.

      What are the features of departmental stores?

      Usually a departmental store offers the following advantages:

      • (i) Shopping convenience:
      • (ii) Wide Choice:
      • (iii) Economies of large scale:
      • (iv) Liberal services:
      • (v) Central Location:
      • (vi) Economy and Advertising:
      • (vii) Use of Specialised Services:
      • (viii) Large Volume of Sales:

        What are multiple shops What are the disadvantages of multiple shops?

        Disadvantages Of Multiple Shops Or Chain Stores

        • More capital required. More capital needs to invest in multiple shops to establish and operate them in different parts of the country.
        • Limited range of products.
        • Problem of efficient staff.
        • Lack of initiative.
        • Problem to customers.
        • Lack of freedom.

          What is the negative effect of purchasing groceries?

          Consider the cons: It can be more expensive. Depending on the store, there can be additional costs for usage and delivery fees. You cannot handpick each item. Buying fresh produce can be a challenge since you are unable to see the quality of the item before you buy it.

          What are the advantages and disadvantages of supermarket shopping?

          Advantages of Supermarkets

          • Freedom of Selection. Customers enjoy full freedom of selection in supermarkets.
          • Fixed Prices. Prices of all the goods at these stores are always fixed.
          • Lower Prices.
          • Availability of all the Goods of Daily Need.
          • Availability of Variety Goods.
          • Availability of Standard Goods.
          • More Sells.
          • More Profits.

            What are the five features of departmental store?

            The essential characteristics of departmental stores are:

            • Large size: A departmental store is a large scale retail organisation.
            • Central location:
            • Wide range of goods:
            • Specialisation:
            • Attractive appearance:
            • Unified management:
            • Amenities and services:
            • Extensive advertising:

              Multiple shops refer to retail shops started and controlled by a single organization and located in different parts of a city or throughout the country. These shops are also known as chain stores. Multiple shops deals in a limited variety of products. These products are generally low priced and of common use.

              Advantages Of Multiple Shops Or Chain Stores

              • Economy in buying. Central office or manufacturing company, by purchasing or manufacturing, supplies large quantity of goods to multiple shops.
              • More sales.
              • Elimination of middlemen.
              • Economy in operation expense.
              • Division of risk.
              • Advantages to consumers.
              • Research facility.

                Features of a Hypermarket

                • Deal in different lines/variety of goods.
                • Good access roads.
                • Located in the outskirts of town.
                • Usually located out of towns.
                • Open upto late hours on all days.
                • Provide parking space for cars.
                • Operate under one roof though owned by different people.

                  What is the example of multiple shop system?

                  Thomas, multiple shop system is one in which there is a large number of retail shops owned by the same proprietor which are scattered over the various places of particular city of a country and are engaged in the same line of activity. In India, Bata Shoe Company and few other concerns have opened multiple shops.

                  What are the advantages of multiple?

                  What are the advantages and disadvantages of multiple shops?

                  (i) A multiple store provides buyers with limited choice as it deals in one particular line of goods. (ii) There is a lack of personal contact with customers. (iii) If there are many branches, managing all of them properly becomes and standardised products are difficult. (iv) Branch managers have limited powers.

                  What are the differences between a Supermarket and a Hypermarket? A Supermarket is a large store, but a Hypermarket is much bigger than a Supermarket. Hypermarkets store a higher number of FMCG products than a Supermarket. Prices of items at a Hypermarket are generally less than in Supermarkets.

                  Multiple shops are a system under which multiplication of retail outlets is ensured by establishment of a large specialized selling unit. The manufacturers themselves open these shops and deal in a few items only. All sales are on cash basis. Numerous shops are set up in different locality of the same city.

                  What are the limitations of multiple shops?

                  • Limited selection of goods : These stores sell range of goods produced in their organisations only.
                  • Lack pf personal touch : Sometimes, indifferences and lack of personal touch arise in the employees due to lack of incentives.

                    What do you need to know about multiple shops?

                    After reading this article you will learn about Multiple Shops:- 1. Meaning of Multiple Shops 2. Types of Multiple Shops 3. Features 4. Advantages 5. Disadvantages.

                    What are the features of a chain store?

                    All the multiple shops operated in different places sell only one type or limited types of products. The products sold out by all these shops are same in quality, quantity, shape, size etc. 5. Uniformity Multiple shops or chain stores maintain uniformity in display, decoration and operation.

                    Why are there so many shops in a store?

                    Multiple shops or chain stores were developed in order to efficient operation of retail shop and minimize wastage in distribution process. The retail shop known as multiple shops in England or European countries are called chain stores in America.

                    What happens if one or two branch shops close?

                    Failure or closure of one or two branch shops will not affect the entire organisation adversely.