ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the trade-off of shopping at a convenience store?
A
Limited variety and higher prices
B
Large variety of brands and higher prices
C
Lots of choices of sizes and brands and cheaper prices
D
Smaller selection and cheaper prices
Explanation: 

Detailed explanation-1: -Having such a store near you always comes in handy. Because it is open 24 hours a day, seven days a week, one can get ahold of anything he needs in a flash. Convenience stores are found almost anywhere. You do not have to go too far or wait till morning to buy what you need.

Detailed explanation-2: -Ross Stores (Ross Dress for Less), T.J. Maxx (USA), T.K. Maxx (UK, Germany, Australia), and Burlington are examples of independent off-price retailers. Ross Dress for LessĀ® is an off-price retailer with 1, 480 locations in the United States.

Detailed explanation-3: -A convenience store, bodega, convenience shop, corner store or corner shop is a small retail business that stocks a range of everyday items such as coffee, groceries, snack foods, confectionery, soft drinks, ice creams, tobacco products, lottery tickets, over-the-counter drugs, toiletries, newspapers and magazines.

Detailed explanation-4: -Itinerant Retailing. Fixed shop Retailing.

There is 1 question to complete.