There Are Several Types of Retail Stores,each Offering a Different

question 93

Essay

There are several types of retail stores,each offering a different product assortment,service level,and price level,according to the shopping preferences of its customers.Name eight types of retailers.For each type,indicate the level of service,product assortment,and level of price.

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Definitions:

Company Personnel Department

The segment of a business organization that handles hiring, training, employee relations, and benefits administration.

Cost Center

A unit within an organization that does not directly add to profit but still incurs costs, such as a department or project, which needs to be monitored for internal efficiency.

Generates Revenues

The process of bringing in income from business activities, such as sales of goods or services.

Responsibility Center

A segment or area within an organization whose managers are accountable for specified sets of activities and performance.