Classification of Stores
Classification of Stores
1. General Merchandise store
Also known as community stores or corner stores
The most common type of retail store in the Philippines and easiest to start with
Carries a wide variety of items
Advantages of General Merchandise
Requires a small capital to start with
Small operating expenses
Owner can supervised the operation of the store
Neighbors and friends can be easily steady customers Disadvantages of General
Merchandise
Overstocking
Lack of effective accounting methods Poor display
2. Grocery store
Enlarge sari sari Store based on communities -
3. Single line or specialty store
Carries a single line or closely allied lines of mercahandise Specialty Shop
High Quality Merchnadise
Style goods
High price
Maximum service
Advantages of Specialty stores
Offers a wider variety of items of single line Proprietor concentrates on certain line goods and becomes and expert merchant of that particular line
4. Department store
Retail store into a departmental
System and under one roof with consolidated ownership and management of many of merchandise
Advantages of Department store
Shopping convenience and facilities that they offer Can buy in a large quantities at favorable terms
Services that they offer in the form of credit attract many costumers
Specialization personel
Disadvantages of department store
High cost operation
Traffic difficulties due to central location
5. Super market
Basically grocery stores but usually have departments selling non-food items ONE-STOP SHOPPING CENTER
Advantages of super market
Has a large buying power and can sell low prices
Offer a wide variety of merchandise
Disadvantage of super market
Impersonal relations between storeowner and costumer
Intensified completion by other types of store
6. Kadiwa centers
Government-promoted retail distribution centers Conceived in the year 1978
Objectives of Kadiwa Centers
To increase food production
To
1. General Merchandise store
Also known as community stores or corner stores
The most common type of retail store in the Philippines and easiest to start with
Carries a wide variety of items
Advantages of General Merchandise
Requires a small capital to start with
Small operating expenses
Owner can supervised the operation of the store
Neighbors and friends can be easily steady customers Disadvantages of General
Merchandise
Overstocking
Lack of effective accounting methods Poor display
2. Grocery store
Enlarge sari sari Store based on communities -
3. Single line or specialty store
Carries a single line or closely allied lines of mercahandise Specialty Shop
High Quality Merchnadise
Style goods
High price
Maximum service
Advantages of Specialty stores
Offers a wider variety of items of single line Proprietor concentrates on certain line goods and becomes and expert merchant of that particular line
4. Department store
Retail store into a departmental
System and under one roof with consolidated ownership and management of many of merchandise
Advantages of Department store
Shopping convenience and facilities that they offer Can buy in a large quantities at favorable terms
Services that they offer in the form of credit attract many costumers
Specialization personel
Disadvantages of department store
High cost operation
Traffic difficulties due to central location
5. Super market
Basically grocery stores but usually have departments selling non-food items ONE-STOP SHOPPING CENTER
Advantages of super market
Has a large buying power and can sell low prices
Offer a wide variety of merchandise
Disadvantage of super market
Impersonal relations between storeowner and costumer
Intensified completion by other types of store
6. Kadiwa centers
Government-promoted retail distribution centers Conceived in the year 1978
Objectives of Kadiwa Centers
To increase food production
To