SMALL SCALE RETAILING
Small scale retailing is retail trading with small scope of operations. Little capital can be used to set up small scale retailing trade such as: Hawking /itinerant/peddling. Mobile shops. Street or roadside trading. Market trader or stall holder. Unit stores/tied…
LARGE SCALE RETAILING
Large scale retailers achieve their growth by increasing the physical size of their units to cater for more customers. Large scale retailing could exist as: Chain or multiple stores. Departmental stores. Super markets. Mail order. Discount Houses. Franchising. Hyper market.…
DIVISION OF LABOUR, SPECIALISATION AND SCALE OF PRODUCTION
DIVISION OF LABOUR Division of labour is defined as the breaking down of a production process into a number of separate operations, whereby each operation is undertaken or performed by one person or a group of persons. Division of labour…
Study Guide
