COMMERCE 101

LARGE SCALE RETAILING

Hey Guys, Happy New Week. The Last in the month of March. This month is soon over, well 2015 has been a FAST year wouldn't you say? Well All to the Glory of God. How was your weekend, mine was splendid. Alright, straight to Business...

Large Scale Retailing is a trading with a large scope of operation. Everything is on a bigger scale unlike Small Scale Retailing. Buying is on a Large Scale, Selling is also on a Large Scale. They include:

1. CHAIN/MULTIPLE STORES

It is a form of Large Scale Retail Trading whereby the Store has similar and identical designs, layout and product display in all its outlets/branches. For example in Nigeria, we have UTC Store, Leventis store etc.

FEATURES OF CHAIN STORE:

a. They Sell Similar Range of Products.

b. They are found in Towns and Urban Areas.

c. They have Identical Store Designs.

d. They have similar stock display.

ADVANTAGES OF CHAIN STORE:

a. They ensure Consistence of their Product.

b. They buy in bulk, which ensures Lower Price.

c. Their Customers can easily locate their store anywhere.

DISADVANTAGES OF CHAIN STORE:

a. They don't facilitate Credit Transaction.

b. Decision-Making are always delayed.

c. No Personal Relationship between the shop attendant and customer.

2. DEPARTMENTAL STORES

It is a Large Retailing Store that operates under one roof which deal with a wide variety of goods but organised in different sections (departments) for the purpose of service, promotion and control.

Each Department Specialise in one line of product. For example- Kingsway Stores etc.

FEATURES OF DEPARTMENTAL STORES:

a. Each Department has its own Manager.

b. Each Department deals in one line of Product.

ADVANTAGES OF DEPARTMENTAL STORES:

a. It allows freedom of Movement around the Store.

b. It ensures bulky purchases of Goods which helps in Price Reduction.

DISADVANTAGES OF DEPARTMENTAL STORES:

a. It requires Large Capital to set up.

3. SUPERMARKET

It is a Large Retailing Business Unit that deals mostly on Food, Household Items and other wide variety of goods. It operates a Self-Service System with Basket and Trolleys left for Customers to help themselves to their needs.

ADVANTAGES OF SUPERMARKET:

a. It Provides Wide Variety of Goods.

b. Customers have the right to make choices without being influenced by shop attendants.

c. It ensures Self-Services.

DISADVANTAGES OF SUPERMARKET:

a. No Personal Attention is given to Customers.

4. MAIL ORDER

It is a large Retailing Business in which buying and selling is carried out by post. The customers are contacted by mail, their orders are received by mail, and the delivery is by mail. It involves the use of catalogue that presents the goods and price. Payment is through Cash Delivering Basis.

New Trends have been introduced in retailing business because of the dynamic nature of commercial activities. In order to enhance and facilitate business activities;  New ideas and Techniques have been introduced.

This brings us to the end of Today's Session. Hope this was very helpful to you, leave a comment of what you think of this Tutorial and of your Questions below. Have a Blessed Day and Remember You are Amazing. God Bless You.