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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Describe the major types of retail stores. Give an example of each.

Summary Introduction

To determine: The major types and examples of retail stores.

Introduction: Retailers purchase from the wholesalers and sell the products to the buyers. Retailing is a distribution channel work where one firm purchases products from supplying firms or produces the product on their own, post production they sell these specifically to customers.

Explanation

The major types and examples of retail stores are as follows:

  • Chain retailer: It is an organization that works in excess of one retail store. By including stores, chain retailers endeavor to achieve new geographic markets. As sales rises, chains for the most part purchase stock in bigger amounts and along these lines exploit discount on huge quantities. They likewise employ more power in their business with providers...

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