difference between departmental stores and chain stores
Format of answer:
1. BASIS
2. DEPARTMENTAL STORES
3. CHAIN STORES
{KEY; DS=Departmental Store and CS=Chain Stores}
LOCATION:
DS- Centrally located in city.
CS- Located in popular areas of the city
RANGE OF PRODUCTS:
DS- Large variety of products.
CS- Only one line of product.
SERVICES OFFERED:
DS- They offer services like credit facilities. banking etc.
CS- They do not offer services.
PRICING:
DS- They do not offer uniform pricing policy.
CS- They follow uniform pricing policy
CLASS OF CUSTOMERS:
DS- They attract customers from high income group.
CS- They attract customers from all income groups.
CREDIT FACILITY:
DS- They provide credit facilities to regular and reputed customers.
CS- They do not provide any credit facility.
FLEXIBILITY:
DS- There is more flexibility as they can change their policies as per the requirements.
CS- There is less flexibility as they have to follow the instructions of the head office.
1. BASIS
2. DEPARTMENTAL STORES
3. CHAIN STORES
{KEY; DS=Departmental Store and CS=Chain Stores}
LOCATION:
DS- Centrally located in city.
CS- Located in popular areas of the city
RANGE OF PRODUCTS:
DS- Large variety of products.
CS- Only one line of product.
SERVICES OFFERED:
DS- They offer services like credit facilities. banking etc.
CS- They do not offer services.
PRICING:
DS- They do not offer uniform pricing policy.
CS- They follow uniform pricing policy
CLASS OF CUSTOMERS:
DS- They attract customers from high income group.
CS- They attract customers from all income groups.
CREDIT FACILITY:
DS- They provide credit facilities to regular and reputed customers.
CS- They do not provide any credit facility.
FLEXIBILITY:
DS- There is more flexibility as they can change their policies as per the requirements.
CS- There is less flexibility as they have to follow the instructions of the head office.