Question
Define consumer cooperative, departmental stores & chain stores.

Answer

Consumer cooperatives: A cooperative business which is owned by its consumers for mutual sharing of benefit, after setting aside money for investment, is known as consumer cooperative. Consumer cooperatives often take form of the retail outlets which are owned and managed by their consumers.
Departmental stores: Departmental stores are large retail establishments which have large collection of variety of goods, all organised under specific department heads. A distinct feature of this kind of retail establishment is the organizing of separate departments, under same roof to facilitate buying, customer service, merchandising and control.
Chain Stores: These are retail stores owned by a single firm and spread over vast geographical areas across nation or worldwide. Chain stores are usually characterized by similar service and infrastructural environment, involving similar architecture, store desigfe, layout and choice of products.

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