(a) List four types each of: (i)… | Commerce

Question 1 Report

(a) List four types each of:
(i) Small scale retailers.
(ii) Large scale retailers.

(b) Explain four reasons why small scale retailers survive despite the dominance of large scale retail outlets.

Answer

Answer Details

(a) Types of retailers

(i) Four types of small scale retailers

(ii) Four types of large scale retailers

(b) Four reasons why small scale retailers survive

Nearness to customers: they are located within residential areas and reach customers the big stores cannot.
Sale of goods in small units: they break bulk and sell in small quantities that suit low-income customers.
Granting of credit and personal service: they know their customers personally, give credit and render friendly, personal attention.
Longer/flexible hours and convenience: they open at odd hours and sell everyday necessities close to home, saving customers time and travel.

(a) List four types each of: (i) Small scale retailers. (ii) Large scale retailers. (b) Explain four reasons why small scale retailers survive despite the d...