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Commerce Key Terms Glossary
Types of Retail Outlets
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Convenience ‘corner’ Stores
Stores commonly attached service stations that sell a variety of products like food or magazines.
7/11
Advantages:
They offer discounts
They sell a variety of goods
Disadvantages:
Prices are more high than at supermarkets
Specialty Stores -
Specialise
in one type of product or service or a limited range of a few products.
Dymocks
Advantages:
The service and product knowledge provided by the sales staff
Disadvantages:
You can only buy one type of product
Not able to purchase all their needs in one store
Factory outlets - These shops are located near factories where good are manufactured.
Adidas
Bunnings
DFO
Costco
Advantages:
They are sold to the public at a discount because the costs of transportation and wholesalers are not involved in the distribution chain.
Disadvantages:
You can't price compare that item to other sale prices in other stores
Not very convenient, have to travel out to the outlet.
Department Stores - These stores sell a large range of products within the one store.
David jones
Myer
Advantages:
Prices
are often
cheaper
than at
specialty
stores
Disadvantages:
Large
size of the store makes it
difficult
to give service to the customers
Prices are
higher
than any other store
Discount Variety Stores
- These stores are of a plain design and offer basic customer service.
Kmart
Target
BigW
Advantages:
attract a large number of customers because of their convenient location, large range of stock and cheaper prices
Disadvantages:
lower quality products
Supermarkets - These are large, self-serve stores. Stores that sell groceries and other stuff (weekly specials).
Woolworths
Coles
Aldi
Advantages:
offering a
large
range of items for sale
Disadvantages:
Long
checkout lines and
crowded
aisles.