Ans. Departmental Stores: "A departmental store is that type of retail institution which handles a wide variety of merchandise under one roof with the merchandise grouped into well-defined departments which are centrally controlled." "A departmental store is a large retail establishment having in the same building a number of departments each of which confines its activities to one particular branch of trade and forms a complete unit in itself." "A departmental store carries several product lines, typically clothing, home furnishings, and household goods, where each line is operated as a separate department managed by specialist buyers or merchandisers." Features of a departmental store are given below: 1. Central location 2. Provision of services 3. Corporate status 4. Elimination of middlemen 5. Centralised purchasing 6. Large variety of goods
You need to login to perform this action.
You will be redirected in 3 sec