WAEC Commerce 2008 Theory question 102

Theory question 102

Retail Trade

Commerce 2 (essay)
Write short notes on the following types of retail outlets:
(a) supermarket;
(b) mobile shops;
(c) department stores;
(d) chain stores
(e) hawking.

Show the model answer
Model answer

(a) Supermarket – large self-service shop selling mainly food and household goods, price-marked, with check-out points; usually in towns.
(b) Mobile shops – vans fitted as shops that carry goods to customers in different areas; limited range of goods.
(c) Department stores – large shops with many departments under one roof and one management, each with its own manager; offer one-stop shopping and extra services.
(d) Chain stores – many branches of one firm in different towns, with similar shop fronts, the same line of goods, uniform prices and central buying.
(e) Hawking – a trader carries goods about, moving from place to place looking for buyers; needs little capital and sells mostly consumable goods.

Explanation

Two or three features for each outlet is enough.