11th Class Business Studies Internal Trade Question Bank Internal Trade (Short)

  • question_answer
    What is a departmental store?


    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

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