Question

Answer in brief.
State any four feature of one price shop.

Answer 1

Following are the features of One Price Shop: 

1. Location: One price shops are located in busy centers of the city such as busy trade centers near railway stations, bus stops and other crowded places.
2. Variety of Goods: In one price shop, the customers are given wide scope to make selection of goods of their choice. However, the price is uniform but quality of the goods may be different.
3. Cash Sales: In this shop goods are sold on cash basis only. No credit facility is given to the customers. So there is no risk of bad debts.
4. Low Priced Articles: In one price shop, the goods are sold to customers for domestic use at lower prices e.g. stationery, cutlery, toys, plastic goods, etc.
5. Uniform Prices: All the articles of goods are sold in one price shop at the same price. The customers have no scope for bargain in this shop.
6. Business Policy: In one price shop, the policy of buying and selling of goods of all the shops are the same one.