{"id":1834,"date":"2023-10-02T06:36:58","date_gmt":"2023-10-02T06:36:58","guid":{"rendered":"http:\/\/localhost\/ecole9ja\/?p=1834"},"modified":"2023-10-02T06:38:56","modified_gmt":"2023-10-02T06:38:56","slug":"week-7-ss1-first-term-commerce-notes","status":"publish","type":"post","link":"https:\/\/ecolebooks.com\/nigeria\/posts\/week-7-ss1-first-term-commerce-notes\/","title":{"rendered":"Week 7 – SS1 First Term Commerce Notes"},"content":{"rendered":"

WEEK SEVEN
\n<\/strong>TOPIC: LARGE SCALE RETAILING
\n<\/strong>TYPES OF LARGE SCALE RETAILING
\n<\/strong>A\u00a0\u00a0\u00a0\u00a0MULTIPLE SHOPS OR CHAIN STORES:
\n<\/strong>These are large scale retail businesses consisting of a number of similar shops or branches spread or located in different towns\/ cities all over a country. They sell the same type of goods and all the shops are controlled from the head office e.g. Lennards, Challenge Bookshop, Famad etc<\/p>\n

\u00a0FEATURES OR CHARACTERISTICS OF MULTIPLE SHOPS
\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0Standard or identical shop design.
\n2.\u00a0\u00a0\u00a0\u00a0Dealing in one line of product in their branches.
\n3.\u00a0\u00a0\u00a0\u00a0They have centralized form of administration and ownership.
\n4.\u00a0\u00a0\u00a0\u00a0They operate on the basis of cash and carry.
\n5.\u00a0\u00a0\u00a0\u00a0Prices of goods sold in all branches are fixed by the head office.
\n6.\u00a0\u00a0\u00a0\u00a0They practice self-service.<\/p>\n

\u00a0ADVANTAGES OF MULTIPLE SHOPS
\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0They are easy to identify.
\n2.\u00a0\u00a0\u00a0\u00a0Staff can be moved between branches.
\n3.\u00a0\u00a0\u00a0\u00a0Their cash and carry system reduces the incidence of bad debts.
\n4.\u00a0\u00a0\u00a0\u00a0They save a lot of cost in advertising.
\n5.\u00a0\u00a0\u00a0\u00a0Unsold stock in one branch can be moved to other branches.<\/p>\n

\u00a0DISADVANTAGES OF MULTIPLE SHOPS
\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0They deal in limited range of products.
\n2.\u00a0\u00a0\u00a0\u00a0The cost of setting up multiple shops all over the country is very large.
\n3.\u00a0\u00a0\u00a0\u00a0They do not offer credit facilities to customers.
\n4.\u00a0\u00a0\u00a0\u00a0No personal attention is given to customers.
\n5.\u00a0\u00a0\u00a0\u00a0Less control is exercised by branch managers.<\/p>\n

\u00a0B\u00a0\u00a0\u00a0\u00a0DEPARTMENTAL STORES
\n<\/strong>This is a large single retail outlet selling a wide variety of goods in separate departments. Each department specializes in a particular line of goods different from those of other departments.<\/p>\n

\u00a0A departmental store is often referred to as many shops under one roof and common management e.g. UTC Stores, Cash and Carry, UAC Stores etc.<\/p>\n

\u00a0FEATURES OF DEPARTMENTAL STORES
\n<\/strong>1. They are divided into different departments.
\n2.\u00a0\u00a0\u00a0\u00a0Buying and selling is decentralized.
\n3.\u00a0\u00a0\u00a0\u00a0They deal in a wide range of goods.
\n4.\u00a0\u00a0\u00a0\u00a0They practice self-service
\n5.\u00a0\u00a0\u00a0\u00a0They are located in the centre of cities and urban areas.<\/p>\n

\u00a0ADVANTAGES OF DEPARTMENTAL STORES
\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0They stock a wide variety of goods.
\n2.\u00a0\u00a0\u00a0\u00a0They are easily located by customers.
\n3.\u00a0\u00a0\u00a0\u00a0There is self service and orderliness.
\n4.\u00a0\u00a0\u00a0\u00a0Impulse buying is possible as shoppers move from one department to another.
\n5.\u00a0\u00a0\u00a0\u00a0Goods in one section help to advertise goods in other sections.<\/p>\n

\u00a0DISADVANTAGES OF DEPARTMENTAL STORES
\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0Lack of personal attention for customers.
\n2.\u00a0\u00a0\u00a0\u00a0High running expenses\/overhead costs.
\n3.\u00a0\u00a0\u00a0\u00a0Pilfering and shoplifting (i.e. stealing of goods) is rampant.
\n4.\u00a0\u00a0\u00a0\u00a0It requires large capital to set up.
\n5.\u00a0\u00a0\u00a0\u00a0They do not allow customers to return goods.
\n6.\u00a0\u00a0\u00a0\u00a0They give little or no credit to customers.<\/p>\n

\u00a0EVALUATION
\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0Describe any four features of a multiple shop
\n2.\u00a0\u00a0\u00a0\u00a0With the aid of a diagram, illustrate six branches of trade and show six types of retail outlets
\n3.\u00a0\u00a0\u00a0\u00a0List three disadvantages of departmental stores to (a) The customers (b) The owners<\/p>\n

\u00a0TYPES OF LARGE RETAILING<\/strong>
\n\t\tC\u00a0\u00a0\u00a0\u00a0SUPERMARKET<\/strong>
\n\t\tThis is a large scale retailing shop offering for sale, principally by self service, house hold goods like groceries, provisions, tinned foods, frozen food, vegetables, fresh fruits etc.<\/p>\n

\u00a0FEATURES OF SUPERMARKET
\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0They operate the system of self service.
\n2.\u00a0\u00a0\u00a0\u00a0They deal in a wide range of goods
\n3.\u00a0\u00a0\u00a0\u00a0They are located in urban centers e.g. Lagos.
\n4.\u00a0\u00a0\u00a0\u00a0They stock household goods and food items
\n5.\u00a0\u00a0\u00a0\u00a0They operate with few sales attendants<\/p>\n

\u00a0THE ADVANTAGES AND DISADVANTAGES OF SUPERMARKETS ARE SIMILAR TO THOSE DEPARTMENTAL STORES.
\n<\/strong>D\u00a0\u00a0\u00a0\u00a0HYPERMARKETS
\n<\/strong>These are extra large or giant supermarkets that deal in greater variety of goods. They are usually located at the outskirt of town and cities. Unlike supermarkets, hypermarkets also deal in consumer durables and they offer car parking facilities for customers<\/p>\n

\u00a0E\u00a0\u00a0\u00a0\u00a0MAIL ORDER BUSINESS
\n<\/strong>This is a form of large scale retailing in which buying and selling is carried out through the Post Office or through agents.
\nThe Mail Order firms contact prospective customers by mail, receive their orders by mail and make delivery of goods to customers also by mail. It involves the use of specially prepared catalogues that presents the retailer’s products both visually and in writing.<\/p>\n

\u00a0FEATURES OF MAIL ORDER BUSINESS
\n<\/strong>1)\u00a0\u00a0\u00a0\u00a0Retailing is done through the Post Office or through agents.
\n2)\u00a0\u00a0\u00a0\u00a0Intensive advertising through catalogues, newspapers is involved.
\n3)\u00a0\u00a0\u00a0\u00a0They deal in a wide range of durable goods.
\n4)\u00a0\u00a0\u00a0\u00a0It requires a large warehouse for storing goods.
\n5)\u00a0\u00a0\u00a0\u00a0It requires few workers for its operations.<\/p>\n

\u00a0ADVANTAGES OF MAIL ORDER BUSINESS
\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0The business pays low rent as it can operate a warehouse located out of town.
\n2.\u00a0\u00a0\u00a0\u00a0It requires few salesmen or sales assistants.
\n3.\u00a0\u00a0\u00a0\u00a0Expensive fixtures and displays are not needed.
\n4.\u00a0\u00a0\u00a0\u00a0They provide a variety of goods.
\n5.\u00a0\u00a0\u00a0\u00a0There is opportunity for advertising through catalogues.<\/p>\n

\u00a0DISADVANTAGES OF MAIL ORDER BUSINESS
\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0It is completely dependent on the efficiency of the postal system.
\n2.\u00a0\u00a0\u00a0\u00a0Customers are not able to assess the quality of goods before buying them.
\n3.\u00a0\u00a0\u00a0\u00a0Lack of personal contact with customers
\n4.\u00a0\u00a0\u00a0\u00a0High advertising costs e.g. cost of printing a catalogue
\n5.\u00a0\u00a0\u00a0\u00a0There is possibility of goods being lost or damaged in transit.<\/p>\n

\u00a0F.\u00a0\u00a0\u00a0\u00a0RETAIL CO-OPERATIVE SOCIETY<\/strong>
\n\t\tThis is a form of co-operative in which many small independent retailers pool their resources together to enable bulk purchases and then sell the goods at lower prices. The profits are shared in proportion to the amount of purchase made by each member.<\/p>\n

\u00a0G.\u00a0\u00a0\u00a0\u00a0VARIETY CHAIN STORES
\n<\/strong>These are large retail stores which combine some aspects of both departmental stores and multiples shops. No notable example can easily be found in Nigeria.
\nFeatures of Variety Chain Stores
\n1.\u00a0\u00a0\u00a0\u00a0Many branches all over the country
\n2. \u00a0\u00a0\u00a0\u00a0Uniform shop design
\n3.\u00a0\u00a0\u00a0\u00a0They deal in variety of goods 4. Stores are under one roof but without clear divisions \u00a0\u00a0\u00a0\u00a0into departments 5. Centralized management as in multiple shops <\/p>\n

\u00a0EVALUATION
\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0List four disadvantages of Mail Order Business
\n2.\u00a0\u00a0\u00a0\u00a0State five factors accounting for the growth of large scale retailing in Nigeria<\/p>\n

\u00a0READING ASSIGNMENT
\n<\/strong>Essential commerce for SSS by O.A Longe Page 25-31<\/p>\n

\u00a0WEEKEND ASSIGNMENT
\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0A multiple shop has many stores which sell (a) locally produced goods
\n\u00a0\u00a0\u00a0\u00a0(b) manufactured goods (c) perishable goods (d) similar goods
\n2.\u00a0\u00a0\u00a0\u00a0Buyers often find mobile shops unsuitable because (a) The choice of goods is limited (b) They operates at odd hours (c) They sell only perishable goods (d) They are operated by sole traders
\n3.\u00a0\u00a0\u00a0\u00a0Which of the following offers self-service (a) hawking (b) peddling (c) mobile shop (d) departmental store?
\n4.\u00a0\u00a0\u00a0\u00a0Many stores under one roof is called (a) co-operative stores (b) departmental stores (c) multiple stores (d) supermarkets.
\n5.\u00a0\u00a0\u00a0\u00a0A large retail organization with a number of sections selling different goods in the same building is called (a) chain store (b) multiple shop (c) self-service shop (d) departmental store<\/p>\n

\u00a0THEORY
\n<\/strong>1.\u00a0\u00a0\u00a0\u00a0List three types of large scale retail outlets.
\n2.\u00a0\u00a0\u00a0\u00a0State three advantages of multiple shops to the customers.<\/p>\n

\u00a0GENERAL EVALUATION
\n<\/strong><\/p>\n

    \n
  1. \n
    Explain five advantages of large scale retailing\n<\/div>\n<\/li>\n
  2. \n
    State five characteristics of departmental stores\n<\/div>\n<\/li>\n
  3. \n
    List five disadvantages of hawking as a form of retailing\n<\/div>\n<\/li>\n
  4. \n
    State five services provided by a retailer to his customers\n<\/div>\n<\/li>\n
  5. \n
    List five factors that should be considered in starting a retail business\n<\/div>\n<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    WEEK SEVEN TOPIC: LARGE SCALE RETAILING TYPES OF LARGE SCALE RETAILING A\u00a0\u00a0\u00a0\u00a0MULTIPLE SHOPS OR CHAIN…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,168],"tags":[],"class_list":["post-1834","post","type-post","status-publish","format-standard","hentry","category-posts","category-first-term-ss1-commerce"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/1834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/comments?post=1834"}],"version-history":[{"count":1,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/1834\/revisions"}],"predecessor-version":[{"id":1835,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/1834\/revisions\/1835"}],"wp:attachment":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/media?parent=1834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/categories?post=1834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/tags?post=1834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}