Question

State the features of Departmental stores.

Answer 1

1. Large Size: A department is a large-scale retail showroom requiring a large capital investment by forming a joint-stock company managed by a board of directors.
2. Wide Choice: It acts as a universal provider of a wide range of products from low-priced to very expensive goods (Pin to Car) to satisfy all the expected human needs under one roof.
3. Departmentajly organized: Goods offered for sale are classified into various departments.
4. Facilities provided: It provides a number of facilities and services to the customers such as restaurants, restrooms, recreation, packing, free home delivery, parking, etc.
5. Centralized purchasing: All the purchases are made centrally and directly from the manufacturers and operate separate warehouses whereas sales are decentralized in different departments.