Business Studies

Why are the prices of goods lower in super markets than in other retail stores?


ANSWER

Both A and B


SOLUTION
A super market is a large retailing business unit selling wide variety of consumer goods on the basis of low margin appeal, wide variety and assortment, self-service and heavy emphasis on merchandising appeal.
The prices of the products are generally lower than other types of retail stores because of bulk purchasing, lower operational cost, and low profit margins.
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Single Correct Medium Published on 18th 08, 2020
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