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2008 WAEC Commerce Theory Write short notes on the following types of retail outlets: (a) supermarket (b) mobile shops...

Commerce
WAEC 2008

Write short notes on the following types of retail outlets:
(a) supermarket
(b) mobile shops
(c) department stores
(d) chain stores
(e) hawking.
 

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Explanation

(a). Supermarkets:
(I) These are large self-service shops.

(ii) They sell mostly wide range of household goods.

(iii) Goods have price tags attached to them.

(iv) They are mostly located in urban areas.

(b) Mobile shops:
(i) These involve special motor vans which carry the vendor and their goods.

(ii) They deal in limited range of goods.

(iii) The operation is affected by weather.

(iv) They play music to attract customers.

(c) Departmental Stores:
(i) These comprise a collection of shops under one roof.

(ii) Shops sell variety of goods with each unit having its own manager.

(iii) Provides one-stop shopping.

(iv) Provides convenience face facilities e.g. restaurants.

(v) Offers self services.

(vi) They are mainly located in urban areas.

(vii) They make use of window display of goods.

(d) Chain Stores:
(i) These are shops that have many branches all over the place.

(ii) They sell one line of product.

(iii) They have similar shop fronts.

(iv) Purchasing is centralized at headquarters.

(e) Hawking:
(i) This refers to the practice of a trader who carries his wares and moves from place to place looking for customers.

(ii) They sell mostly consumable goods.

(iii) They sell at negotiable prices.

(iv) It requires small capital.

(v) They sing and shout to attract customers as they go around. 
 


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