Get premium membership and access questions with answers, video lessons as well as revision papers.
(i) For chain stores, prices are uniform in all branches while for departmental stores, each department sets its own price.
(ii) Chain stores sell similar goods while departmental stores deal with different line of goods.
(iii) Chain stores stock limited variety of goods while departmental stores stock a wide variety of goods.
(iv) Chain stores have branches all over the country while under departmental stores,all departments operate under one roof.
OR
Explain ?ve differences between chain stores and departmental stores.
Chain Stores
(i). Have many branches in different towns.
(ii). Purchases are centralized.
(iii). Have standardized prices in all branches.
(iv). Has uniform outward appearance and interior layout in all branches.
(v). Management of the stores is centralized.
(vi). Slow moving goods in one branch (vi). can be moved to another where demand for them is higher.
(Vii). A customer can pay for goods in vii. one branch and collect than from another branch.
Departmental Stores
(i) Have different departments within the same building.
(ii) Purchases are made per department.
(iii) Every department sets its own prices.
(iv) Each department is different from the other in terms of outward appearance and interior layout.
(v) Each department has its own management.
(vi) Slow moving goods in one department cannot be moved to another department.
(vii) Goods paid for in a department can only be collected from that department.
maurice.mutuku answered the question on July 17, 2017 at 06:06
- What are the functions of entrepreneurs in the production of goods and services?(Solved)
Highlight the functions of entrepreneurs in the production of goods and services.
Date posted: July 17, 2017. Answers (1)
- Why does the Kenyan government encourage the development of small business enterprises?(Solved)
Give reasons why the Kenyan government encourages the development of small business enterprises.
Date posted: July 17, 2017. Answers (1)
- In what ways does the Central Bank act as a banker to the government?(Solved)
Give ways in which Central Bank acts as a banker to the government.
Date posted: July 17, 2017. Answers (1)
- What types of resources are important in Business?(Solved)
List types of resources that are important in Business.
Date posted: July 17, 2017. Answers (1)
- Under what circumstances is personal selling appropriate?(Solved)
List circumstances under which personal selling is appropriate.
Date posted: July 17, 2017. Answers (1)
- Why do people engage in Business activities?(Solved)
Give reasons why people engage in Business activities.
Date posted: July 17, 2017. Answers (1)
- Under what circumstances may the nature of goods influence the choice of appropriate means of transport?(Solved)
Explain ways under which the nature of goods may influence the choice of appropriate means of transport.
Date posted: July 15, 2017. Answers (1)
- The per capita income in country X is considerably higher than that in country Z. Why may the citizens of country X not necessarily enjoy higher standards of living than citizens of country Z?(Solved)
Give reasons why the citizens of country X may not necessarily enjoy higher standards of living than citizens of country Z.
Date posted: July 15, 2017. Answers (1)
- Mohamed and Abdul are importers of vehicles in Kenya from Japan.What terms of sale may be quoted by the seller of the vehicles?(Solved)
Explain terms of sale that may be quoted by the seller of the vehicles.
Date posted: July 15, 2017. Answers (1)
- What reasons may account for the continued use of hand carts as a mode of transport?(Solved)
Explain reasons that may account for the continued use of hand carts as a mode of transport.
Date posted: July 14, 2017. Answers (1)
- What are the features of business assets?(Solved)
List the features of business assets.
Date posted: July 14, 2017. Answers (1)
- What factors may lead to unfavourable terms of trade?(Solved)
List factors that may lead to unfavourable terms of trade.
Date posted: July 14, 2017. Answers (1)
- What factors determine the period for which documents should be filed?(Solved)
Give factors that determine the period for which documents should be filed.
Date posted: July 14, 2017. Answers (1)
- Why should traders observe ethical practices in product promotion?(Solved)
Traders are required to observe ethical practices when carrying out product promotion. Explain five reasons for observing such ethical practices.
Date posted: July 14, 2017. Answers (1)
- What are the roles played by intermediaries in the distribution channel?(Solved)
Outline the roles played by intermediaries in the distribution channel.
Date posted: July 14, 2017. Answers (1)
- In what ways do households contribute to national income?(Solved)
Outline ways in which households contribute to national income.
Date posted: July 14, 2017. Answers (1)
- Why is it suitable to locate a bonded warehouse at the point of entry of goods in a country?(Solved)
Give reasons why it is suitable to locate a bonded warehouse at the point of entry of goods in a country.
Date posted: July 14, 2017. Answers (1)
- What problems may interfere with the effectiveness of face to face communication?(Solved)
List the problems that may interfere with the effectiveness of face to face communication.
Date posted: July 14, 2017. Answers (1)
- In what ways are business ideas generated?(Solved)
Highlight ways of generating business ideas.
Date posted: July 14, 2017. Answers (1)
- What are the advantages of division of labour?(Solved)
Outline the advantages of division of labour.
Date posted: July 14, 2017. Answers (1)