Some businesses have metamorphosed into large-scale retailing. Some retailers can now buy in bulk directly from the manufacturers;
Definition of Large Scale Retailing:
Large scale retailing involves retail trade operation on a large scale and sale of goods in small qualities. Large-scale retailers deal in a large stock of goods and purchase goods in bulk while they sell in smaller units.
Large-scale retailers achieve their growth by increasing the physical size of their units to cater for more customers.
Types of Large Scale Retailing:
Large-scale retailing could exist as:
1. Departmental stores
2. Chain/Multiple shops
3. Mail order business
4. Supermarkets
5. Hypermarkets
6. Discount houses
7. Franchising
8. Retail cooperative societyThe term society is derived from the Latin word 'socius' meaning friendship or companionship. Society is a community, nation or group of people who share the same traditions, institutions, rules and... More
Pharmaceutical Stores