
Spar Joina City. Image credit innscorafrica.com
ZIMSEC O Level Commerce Notes: Retail Trade: Discount stores and Voluntary Chains
Discount Stores
- a large-scale retail outlet found in and private sector
- locate in busy shopping areas and out of city centres
- sells household goods such as electrical appliances
- operates from cheap premises
- buys goods in bul at low prices
- sells goods at low prices
- sells goods on a cash and carry basis
Voluntary chain stores
- independent retailers may join together to form a voluntary group. e.g Spar
- group buys in bulk from manufacturers and enjoys large trade discounts
- group buys at low prices and sells at low prices
- group distributes goods among the group members
- group advertises on behalf of all members
- group members should comply with the group’s minimum standards
- members may get loans from the group for renovations and decorations
- the groups are common in the grocery trade
- members sell a wide range of goods
Tied shops
- they sell products or offer services of only one manufacturer
- usually use the name of the manufacturer e.g BP filling stations
- have same decorations.
To access more topics go to the Commerce Notes page
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