SS1: COMMERCE - 1ST TERM
Introduction to Commerce | Week 13 Topics|1 Quiz
E-Commerce | Week 21 Topic|1 Quiz
History of Commerce | Week 33 Topics|1 Quiz
Occupation I | Week 41 Topic
Occupation II | Week 53 Topics|1 Quiz
Production, Division of Labour, Specialization & Exchange I | Week 63 Topics
Production, Division of Labour, Specialization & Exchange II | Week 72 Topics|1 Quiz
Home Trade | Week 86 Topics
Small Scale Retailing | Week 96 Topics
Large Scale Retailing | Week 109 Topics|1 Quiz
A discount house is a retailing business unit that features a large variety of products which they sell on a low price basis and operate on a low mark-up with minimum customer services.
This system of retailing is very popular in America. They give discounts by reducing their overhead cost and by buying in bulk.
They are institutions that sell a wide variety of goods at less than traditional retail prices.
Features of Discount Houses:
Features of discount houses are;
1. Offer low prices.
2. Operate on a discount basis.
3. Purchase is on a cash basis.
4. Low mark-up.
5. Wide variety of goods are stocked.