Question

Distinguish between the following:
General stores and specialty stores.

Answer 1

Sr No.	Points	General stores	Specialty stores
1	Meaning	It is a shop which deals in Wide variety of goods.	It is a shop which deals in Specialized products of goods
2	Location	It is located in the residential areas of the city.	It is located in busy Shopping centers of the city.
3	Prices	Prices of goods are generally low.	Prices of goods are generally high.
4	Sales	Goods are sold on cash basis as well as on credit basis.	Goods are sold on cash basis only.
5	Variety of product	Customers have limited choice of goods.	Customers have maximum choice in one line of goods.
6	Types of goods	Goods sold as per customers day to day need.	Specialized goods are sold to customers.
7	Advertisement	Do not spend much expenses on advertisement.	Spend more expenses on advertisement due to Specialization.